Indian stock markets will be clear winners of the US presidential election
One of the factors contributing to this sharp drop was Donald Trump’s then-surprising victory over Hillary Clinton in the US presidential election. Indian investors were anticipating a win for Clinton. Analysts at UBS Global Research predict that India will benefit from all three possible outcomes: Joe Biden winning with Democrats clinching both houses of Congress; a status quo (Trump is re-elected with a divided Congress); and a Biden victory with Democrats and Republicans keeping a hold on the House of Representatives and the Senate, respectively.