US poll result: India to be one of the gainers despite demanding valuations

Emerging Markets including India could offer a more compelling opportunity than developed markets.

With the long-delayed verdict of the US election behind us, the market can breathe a sigh of relief now. As of date, it appears Joe Biden will have to contend with a fractured mandate with the Senate being controlled by the Republicans though this could possibly change by January. 

The big worry for the market from a Joe Biden victory has been that we will see an increase in corporate taxes. In that sense, the market is a bit relieved with a split verdict since tax increases may not be easy to pass in the Senate. Overall, we have three