<< Washington holds G20 summit - World leaders ...<< NTT DOCOMO Snares Up A ...
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.

 
Latest E-youth
United States Economy
The US economy is the largest economy of the world. It is the most significant part of the world economy and can affect the international trade drastically More..
Overview of China's Economy
China's economy has been ranked as the world's fastest growing economy that has succeeded to escalate even after being the most populous nation of the world. More..
Major Economies of the World
To understand the World Economy well, you must attain the in-depth knowledge along More..
Singapore Economy - An Overview
The Singapore economy is also termed as the free-market economy or the capitalist mixed economy. More..
Indian Economy - An Overview
Over the recent years, the Indian economy has emerged as a star in the global economy. The world economy has witnessed the Indian economy surging ahead overcoming all the obstacles and breaking the barriers. During the year 2007, the growth of this dynamic economy was measured to be 9.2 percent. The reasons behind the rapid growth of the Indian economy are the markets reforms supported by huge FDI inflows, More..
G20 – An Overview
The G20 is a collaborative effort of 20 finance ministers and central bank governors from 19 economies of the world along with the European Union formed to cooperate and consult on matters relating to international financial system. Along with the European union the G20 group includes Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Korea, Turkey, the United Kingdom, United States, More..
What is Economy?
- Know all about economy. More..
   Contact Us | About Us   Copyright © 2008 EconomyNews.in