NUMBERS & HOW THEY MOVED
Legend:
- Democrat
- Republican
- Not called as of press time
House of Representatives
Majority: 218
- Democrat: 228 (+25)
- Republican: 139 (-25)
- Not called: 68
Senate
Majority: 51
- Democrat: 54 (+7)
- Republican: 44 (-7)
- Not called: 2
Governors
- Democrat: 28 (+5)
- Republican: 20 (-5)
- Not called: 2
Source: Reuters
WHAT IT MEANS FOR INDIA
President Donald Trump's weaker grip on US legislation could have repercussions across several sectors grappling with his unprecedented and whimsical policies.
TRADE & TARIFFS
US may now push for an early trade deal; India can use that to bargain for better terms.
OIL PRICES
May stay elevated, as a quick US-Iran deal may be tougher to achieve.
STUDIES & EMPLOYMENT
Further H-1B visa and PERM restrictions may slow down amid greater democratic scrutiny.
DATA CENTRES
Opportunities for India may increase because of greater scrutiny of power, water and incentives available in the US.
GCCs
India may gain as US cos worry less about expanding engineering, AI and product development work overseas.
IT SERVICES
May not be much impacted by the election results.
US Results Shift Trade Deal Balance
Subheading (partially visible): Experts suggest pushing through an agreement with unsettled US administration.
By Anoushka Sawhney & Yogima Seth
The remainder of this article is cut off in the photograph.
The Economic Times
View original source ↗This article summarises the update for readers. Refer to the issuing authority’s original notification for applicable requirements.
