Indian officials are taking a cautious view of the US midterm election results, which they see as easing some pressure around trade tensions while creating fresh uncertainty in the relationship between the two countries.
Democrats won both chambers of Congress on Tuesday, delivering a sharp rebuke to President Donald Trump’s policies. His trade tariffs and the war with Iran have been particularly damaging for countries such as India, which relies on the US as its largest export market and imports significant amounts of oil from the Middle East.
Sources: Bloomberg Markets.