For a few more jobs in Trump-land, the price you may have to pay

With just a day left for Donald Trump to assume office as the 45th President of the United States of America, institutional investors in Indian pharma, textile and auto ancillary companies are keeping a close eye on the extent of protectionism his policies entail. That's because even as President-elect, Trump succeeded in reversing Ford Motor's decision to set up a new plant in Mexico and also struck a deal with aircon maker Carrier to move jobs back to the US.

These steps have impacted sentiment of global investors, who have turned wary of investing in sectors which the market sees as susceptible to protectionist policies of the new President. The stated policies may have a sizeable impact on Nifty earnings as nearly 15% of the total revenue of the Nifty companies are derived from direct exports to the US.

ETIG provides a lowdown on the possible policy changes and their impact on India.