US Elections 2024: Limited Impact Expected on Indian IT and Real Estate Markets as Industry Resilience and Domestic Growth Prevail by Sandeep Trivedi, Director at Address Advisors
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Below the US Elections 2024: Limited Impact Expected on Indian IT and Real Estate Markets as Industry Resilience and Domestic Growth Prevail by Sandeep Trivedi, Director at Address Advisors
"Historically the US elections used to have major implications on major economies including India, be it political or economic. India being the major player in Global Technology space, and Indian IT/ITeS companies having large dependencies on the US used to get impacted. However major tech companies have learned to mitigate and manage the risk factor and are now better prepared for all the possible scenarios. The tough and closely contested election this time is anticipated to give clarity in where the political and economic policies of the USA will shape up, however the importance of India at global level and Indian in USA is being recognised by both the contenders so it is expected to have less than major impact on Indian markets.
The Indian Real Estate market has thrived on the Technology growth in India be it development of commercial Real Estate (International standard Tech Parks/Campuses) at break neck speed or tremendous growth in residential sector on account of rise of upper middle income strata.
The Indian Real Estate has witnessed high growth post covid on account of solid economic fundamentals and also stable and progressive government policies.
We assess that there may be some short term impact on real estate but will not have any damping in the medium to long term."
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