Obama’s 2nd time win & its Indian & Global impacts

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US President Barack Obama defeated Mitt Romney with a good difference with 300 plus electoral colleges in his favour. Earlier, the battle seems a little tough but Obama won the election with a huge difference in the end on Tuesday.

US President Barack Obama’s more focused campaign and his efforts of reaching at grassroot level have helped him to retain the Presidency for the second term.

 

Obama’s win means he will continue with his basic policies of last five year in his next duration. He is being able to bring the US economy on the track back but a lot is still needed to be done. With Republicans in control of the House of Representatives, now Obama government is in better position to persue their economical policies forward in a more effective way.


For India, this victory means the outsourcing sector to India will be limited in coming time too as Obama is against it from the very start. But even after the tax code chages related to this sector, it will not affect outsourcing to India much as India still provide very competitive and skilled labour at cheaper rates. But India needs to remove its immigration and investment barrier.


Obama’s win will also help in the timely implementation of Indo-USA nuclear deal in the coming time.


The world is also hopeful that Obama’s victory will help them for the betterment of the universe. Europe is expecting better trade ties with US in the coming time and will help them in their economical recovery.


USA’s diplomatic policies towards Iraq and Afghanistan will go on on the same line and will help them to recover from their crisis like situation.


Obama’s this victory is being considered as a victory of his economical policies. People have shown their faith in his work and policies.

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