What Joe Biden win means for India?

Abstract

The Joe Biden win of the US election can play a crucial role for India’s economic and developments on many other fronts. The win of the Biden administration will likely to continue US policy of strengthening strategic, economic and trade ties with India, where the visa regime may not see big changes, but IT companies can breathe easy given Biden’s proposed H-1B visa reforms. Major trade policy alteration might not be forthcoming, but a possibility for pushing India into joining Trans-Pacific Partnership Agreement cannot be entirely ruled out. Despite many challenges, a very crucial initiative the Bidden administration is expected on climate issue which could benefit India in terms of funding related to renewable energy, as the Biden Administration promised to resume the Paris Agreement. The possible restoration of the Generalized system of Preferences (GSP) including India as well as no softer stance on China by US, could benefit India on trade front, though realization of such benefits by India will depend crucially how India can project into the global value chain of her manufacturing sector.