Know What Would Be The Impact of Biden’s win On Share Market

Emerging markets can benefit tremendously due to the majority of the Democratic Party President in the White House and the Republican Party in the Senate (upper house). The world should not expect a relief package in America because its chances are very less now. In such a situation, to maintain the liquidity in the market, the entire burden will be on the Federal Reserve, which will have to keep the interest rates low. In such a situation, interest rates are expected to remain low for a long time, which is a win for the market.
What does Biden’s victory mean for Dalal Street? Biden’s victory will greatly benefit India’s large and multinational tech companies as it will relax visa regulations. Although Team Biden is divided on China, investment guru Jim Rodgers believes Biden will prove to be good for the Indian market.

77-year-old Biden will be the 46th President of the United States. Along with him, Kamla Harris (56 years) of Indian origin will also be the first female Vice President of America. Rodgers believes Biden’s stance will not be too defensive.

As per reports, China is no longer the first priority for global relations. India can benefit from this to some extent. Joe Biden can also accept this.

When Biden was Vice President during Barack Obama’s term, he wanted relations with India to be better. Biden believes in multifaceted relationships with key business partners, including India. Biden’s stance is soft on immigrants. They can give relief in visa rules for the IT sector. But there are also some concerns. Biden wants to produce pharma products in the US.