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US Elections: Donald Trump has won the US elections, but Gujaratis are going to get the biggest shock. Indian Prime Minister Narendra Modi has congratulated him on winning the elections. However, after the victory of Donald Trump, it will have a direct impact on Gujaratis. Indians including Gujaratis are at the forefront in getting H1-B visa in America. Therefore, if there is a change in this rule, its impact will be visible.
Will H1-B visa rules change?
When Donald Trump first became president, he made the visa process very difficult, and it is expected that he will make the process difficult again when he becomes president for the second time. The conditions of H1-B visa have been made very strict. So the common man now has to work harder than before for all the visa requirements. For example, if 500 points are required for a visa, now it has been reduced to 700 points so that not everyone can file for this visa. Also, anyone applying for an H1-B visa was asked to check their file very carefully. If any error is found in a file it is rejected. There is every possibility that these rules will be implemented again. Along with this, there may also be changes in the rules related to employment. These rules may also allow an H1-B visa holder to work fewer hours or be paid hourly wages than an American. It is being said that this decision will be taken to give first priority to American citizens.
Congratulations to Narendra Modi
As soon as Donald Trump won the election, Narendra Modi congratulated him. In the post, Narendra Modi said, “Congratulations to my friend Donald Trump on his historic election victory. I look forward to building US-India relations in his second term as he did in your previous term. I hope we make it.” A global and strategic partnership between the two countries, we will together build a better future for our people and work for peace, stability and prosperity in the world.
What did Donald Trump say?
The election was held between Donald Trump and Kamala Harris for the post of President of America. Donald Trump has achieved a historic victory in this election. After this victory, Donald Trump said in West Palm Beach, Florida, “America's golden time will be seen now. “America has given us a big responsibility by trusting me.”
There may be changes in business
After the victory of Donald Trump, there is every possibility that all the rules regarding trade will be changed keeping America in focus. Whatever exports India makes to America may have to change rules and restrictions. India may have to make changes in rules related to IT, pharmaceuticals and textiles. According to a report, Trump wants to change his policy in his second term considering America's economy, international relations and financial sector. This change can be seen mainly in trade with Asia. However, a report has also revealed that this change by Trump can also benefit India in terms of trade and currency.
What are the challenges in trading?
There will be two challenges regarding trade between America and India. The first challenge is that people from many countries or even America may criticize this trading. Therefore this is a challenge for both the countries. Also, regarding trade with India, America should examine it thoroughly and see whether it is in their benefit or not and changes can be made in it. Any trading partner who is acting illegally to move the currency up and down may also be fined. So these are two big challenges for America.
impact on indian market
Experts believe that most of Trump's policies are anti-globalization. Therefore, it is bound to have an impact on the market and money. Sameer Narang, head of economic research at ICICI Bank, said, “Trump's election will see an increase in the prices of everything. Along with the price of gold, there will also be an increase in the price of the US dollar. A decline may be seen in crude oil. “If Kamala Harris wins, this price will not increase and the trade rate will remain flat.”
Every US policy will be made in such a way that it may or may not benefit the stock markets around the world, but it will definitely benefit Wall Street. This will have a huge impact on long term investment.