The US political landscape has undergone a significant recalibration at this week’s mid-term elections. While some focus on the political gridlock and domestic debates on Capitol Hill in Washington DC, policymakers and corporate leaders in New Delhi must look through the noise and analyse the structural economic implications and spot the macroeconomic tailwinds, tactical trade opportunities and structural supply-chain realignments that have opened up.The immediate transmission channel of the results to the Indian economy lies in global macroeconomics. Historically, a divided Washington—with the presidency and at least one house of Congress split between parties—has been associated with fiscal restraint and smaller budget…