Strong US = Better India

Indians world wide are hoping that US president Barack Obama will help to quickly revive the world economy, and thus also the Indian economy. But will that happen?

Obama’s first priority is the US economy, and a strong US economy will be good for India. Obama’s clear stance on terror will also benefit India. With a terror free environment, businesses will thrive.

The healthcare industry is anticipating positive reforms. The focus will be on generics and on catalysing biosimilars. Research on stem cells, nano, biofuel and renewable sources will get impetus. The biotech sector is full of optimism. More generally, however, given that his focus is likely to be on creating jobs in the US, Indian companies would need to focus on value added services and not just be a cost effective destination. Large subsidies in the US can act against India’s cost benefit.

Obama’s fresh thinking on the economy will spur growth. He might also see that the global agreement on services is concluded quickly which will help solve many of the services industry’s issues. The nuclear issue will start moving and this might solve India’s energy problems. He is the right person to ensure more investments in emerging countries.