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Indian services sector to be affected if US changes policies post elections: Moody's

Further remittances to Asia could weaken if the US tightened immigration rules, Moody's added

Indian and other Asian economies shipping out high-value added manufacturing products to the would be impacted due to any retrenchment from trade and investment ties and curbs on immigration, said credit rating agency Moody's Investors Service.

In a statement issued on Friday, Moody's said the credit implications for Pacific sovereigns of a potential shift in policies after the November 8 presidential election would materialise through changes in trade and investment if the next administration adopts less proactive foreign engagement over time.

According to Moody's, policies under the next administration could range from a continuation of the status quo to a gradual retrenchment from trade and investment ties and curbs on immigration.

In general, the credit implications for Pacific sovereigns' were likely to be limited due to direct exposure to a potential slowdown in is generally small.

"However, Asian economies whose exports to the are focused on high value-added manufacturing products are more vulnerable to policies that disincentivise foreign sourcing of business services," Moody's said.

According to Moody's, Malaysia, Taiwan and Korea would be the most vulnerable to efforts to repatriate high value-added manufacturing jobs.

and the would be exposed to any policies that discourage businesses from foreign sourcing of services, the credit rating agency added.

Further remittances to could weaken if the tightened rules, Moody's added.

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Business Standard
177 22
Business Standard

Indian services sector to be affected if US changes policies post elections: Moody's

Further remittances to Asia could weaken if the US tightened immigration rules, Moody's added

IANS  |  Chennai 

Moody's

Indian and other Asian economies shipping out high-value added manufacturing products to the would be impacted due to any retrenchment from trade and investment ties and curbs on immigration, said credit rating agency Moody's Investors Service.

In a statement issued on Friday, Moody's said the credit implications for Pacific sovereigns of a potential shift in policies after the November 8 presidential election would materialise through changes in trade and investment if the next administration adopts less proactive foreign engagement over time.

According to Moody's, policies under the next administration could range from a continuation of the status quo to a gradual retrenchment from trade and investment ties and curbs on immigration.

In general, the credit implications for Pacific sovereigns' were likely to be limited due to direct exposure to a potential slowdown in is generally small.

"However, Asian economies whose exports to the are focused on high value-added manufacturing products are more vulnerable to policies that disincentivise foreign sourcing of business services," Moody's said.

According to Moody's, Malaysia, Taiwan and Korea would be the most vulnerable to efforts to repatriate high value-added manufacturing jobs.

and the would be exposed to any policies that discourage businesses from foreign sourcing of services, the credit rating agency added.

Further remittances to could weaken if the tightened rules, Moody's added.

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Indian services sector to be affected if US changes policies post elections: Moody's

Further remittances to Asia could weaken if the US tightened immigration rules, Moody's added

Further remittances to Asia could weaken if the US tightened immigration rules, Moody's added

Indian and other Asian economies shipping out high-value added manufacturing products to the would be impacted due to any retrenchment from trade and investment ties and curbs on immigration, said credit rating agency Moody's Investors Service.

In a statement issued on Friday, Moody's said the credit implications for Pacific sovereigns of a potential shift in policies after the November 8 presidential election would materialise through changes in trade and investment if the next administration adopts less proactive foreign engagement over time.

According to Moody's, policies under the next administration could range from a continuation of the status quo to a gradual retrenchment from trade and investment ties and curbs on immigration.

In general, the credit implications for Pacific sovereigns' were likely to be limited due to direct exposure to a potential slowdown in is generally small.

"However, Asian economies whose exports to the are focused on high value-added manufacturing products are more vulnerable to policies that disincentivise foreign sourcing of business services," Moody's said.

According to Moody's, Malaysia, Taiwan and Korea would be the most vulnerable to efforts to repatriate high value-added manufacturing jobs.

and the would be exposed to any policies that discourage businesses from foreign sourcing of services, the credit rating agency added.

Further remittances to could weaken if the tightened rules, Moody's added.

image
Business Standard
177 22

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