India and Mexico Elections Boardroom Impact

Dear Board Chairs and CEO friends,

This week’s historic India and Mexico elections will have significant implications for U.S. corporations’ bottom lines.

In India, the tech industry and U.S. corporations with Indian operations may face challenges due to:

  • Modi’s reduced majority and potential coalition partner defections led to a fragile government and impacted economic reforms and global relationships.
  • Prioritization of internal stability, putting the BRICS de-dollarization movement on hold
  • Rising unemployment (8.1% overall, 17% among urban youth) and opposition gains among young workforce voters (18-25, 25-35), signaling future political shifts.
  • De-escalation and curbing hate speech towards minority groups as priorities

In Mexico, supply chain production shipments and transportation may be impacted by U.S. President Biden’s border tightening, potentially disrupting business operations and profitability as elections approach and border control/migration takes center stage. However, Mexico’s new president, Claudia Sheinbaum, is expected to continue USMCA (United States-Mexico-Canada Agreement) policies to attract foreign direct investment (FDI).

Key points include:

  • USMCA strengthened economic ties, making Mexico the U.S.’s largest trading partner
  • Sheinbaum’s landslide victory for the Morena party, securing a supermajority in the lower house and a majority in the Senate
  • Nearshoring investments increased, with Mexico attracting foreign investment.

These developments may impact U.S. corporations’ operations, profitability, and investments in India and Mexico. It is crucial to monitor these developments and adjust boardroom strategies accordingly.

Reach Out to Chad Clark, managing director, for private strategy collaborations with DOW 30 Board Chair faculty coaching and mentoring next-era planning.


Yusuf Azizullah


[email protected]

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