Following a record win in the US presidential election, President-elect Donald Trump received a congratulatory call from Prime Minister Narendra Modi, one of the first global leaders to reach out. In their discussion, the two leaders expressed a shared commitment to global peace and strengthening the US-India relationship, which both have championed in recent years.
According to sources, President-elect Trump expressed deep admiration for PM Modi, saying, “the whole world loves PM Modi,” and praised India as a “magnificent country.” Trump conveyed his friendship towards Modi and emphasized his view of India as a “true friend” of the United States.
PM Modi shared details of the call on X (formerly Twitter), noting, “Had a great conversation with my friend, President Donald Trump, congratulating him on his spectacular victory. Looking forward to working closely together once again to further strengthen India-US relations across technology, defence, energy, space, and several other sectors.”
India has previously navigated a complex relationship with Trump, marked by both strong support, particularly in anti-terror initiatives, and challenges, such as his push for tariffs on imported goods. Trump’s return to office could usher in new opportunities for India, though experts note potential hurdles. The sectors most likely to feel any impact include pharmaceuticals and IT, should Trump implement restrictive import or H1B visa policies.
According to Rajiv Kumar, former Vice Chairman of NITI Aayog, Trump’s focus on protectionism could benefit Indian exports. “Trump will impose tariffs and import restrictions on countries he views as unfriendly to the US, such as China, which could open markets for Indian goods,” Kumar suggested. Meanwhile, Barclays research indicated that Trump’s trade policies could have a “consequential” impact on emerging economies in Asia, particularly in India and China.
However, some analysts caution that Trump’s protectionist stance might bring pressure on India’s exports and potentially impact the rupee in the short term. Pinaki Chakraborty, visiting Professor at the National Institute of Public Finance and Policy, warned that Trump’s approach could make global trade more strategic and less advantageous for emerging economies, impacting India’s position in the international market.
As both leaders look to strengthen ties across key sectors, Trump’s presidency promises to shape the India-US relationship and economic landscape in the years to come. India is poised to strategically navigate these changes, leveraging its close rapport with the US while addressing new challenges.
