I think for the US, party ideology and the all important president can mould the economic and political relationships it has with the many emerging economies like India. While it is debatable whether a Mc Cain or an Obama is going to be more healthy for Indo US relationships, I think the discussions around that area are not completely unwarranted.

Obama’s election mandate does talk about increased taxes on outsourcing and other stuff which should technically *harm* the indian IT industry, but I’m quite sure, like every other world leader he’ll also tread the middle path and nothing is going to change. Of course, America is under the worst economic crisis in a century and the country will, no doubt, recover from it under Obama’s leadership, but how much of an effect the president will have over it, is yet to be seen.