obama's comments on indian economy

Is Obama Good For Indian Economy?

Author Name: Avijit Bajpai


Obama once spoke about his admiration for Mahatma Gandhi. He also added that the portrait of this great man hangs prominently in his Senate office. But in the today, when this admirer has been elected as the American president, will he harm the nation which was as dear as a child to his role model? Experts believe that Barack Hussein Obama’s agenda of linking labour and environmental standards with trade is an upcoming issue of threat and concern for India. They also think that this economic agenda will have an adverse implication on the Indian economy. At such a situation the policy makers and the experts suggest that India should start preparing as to what strategy should it adopt to sort out this trouble.

It is expected that India would feel the heat of the situation if Obama signs the Kyoto protocol. According to this, the green house gas emission that we receive, would be reduced by 80 per cent by 2050. Also, Barack’s victory may affect the Indian Outsourcing Industry, as it is known that Obama strictly opposes the outsourcing of jobs in India. On the contrary, despite of a number of problems that India may have to face in near future, there are also certain benefits that may come our way. First of all, there is a hope that certain effective and sincere efforts would be made to build up a close strategic partnership between U.S. and India. It also expected that both US and India would work together to fight the common threats of terrorism, since both the countries have been the victims of these disastrous attacks and wish to succeed in the combat against Al-Qaeda and its operational and ideological associates.

Thus, there is a hope and confidence in the hearts of certain people that the US-India relations would strengthen in the near future. They believe that the oldest democracy, US and the largest democracy, India have to go hand in hand to share various important interests and also the fundamental democratic values.