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<b>Devangshu Datta:</b> The Trump 'remote control' effect

More than Budget 2017, the new US President's policies might dictate India's economic sentiments

demonetisation, Trump, Budget
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Devangshu Datta
The Trump inauguration sent nervous tremors through the world. POTUS-45 promises unabashedly protectionist policy. There are other reasons to be skittish about geopolitics. The UK will Brexit. Elections in Germany and France (plus a referendum in Italy) could alter euro policy. The European Union (EU) expects a bounce in economic growth, however, with robust December data and decent corporate earnings. Globally, metal prices are rising. If Opec can maintain its agreements to curb crude production, energy prices will also be on the upswing.

On the domestic front, there are alarm bells ringing over the possibility of delays in goods and services
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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