While the direct implications for India might be less than for others, the 2024 U.S. presidential election will undoubtedly have indirect effects on India.
The United States has taken several key steps that we advocated. Foremost was passing the CHIPS and Science Act with bipartisan Congressional support in August 2022, which included appropriations of $52.7 billion for the CHIPS Act.
ORF America Executive Director Dhruva Jaishankar was interviewed by Adrija Chatterjee of Moneycontrol on the sidelines of the Raisina Dialogue in New Delhi.
Nations including the US, Japan and India are preparing for a global economy characterised by gated globalisation, plurilateral or regional blocs, and competing industrial policies
While the digitalisation of finance advances and the potential introduction of central bank digital currency might aid finance in Africa, it is not enough.