India is top choice for MNCs to expand trade, investment: StanChart report

India has emerged as the top destination for global firms looking to expand trade and manufacturing operations, according to Standard Chartered’s Future of Trade: Resilience report. Surveying 1,200 senior executives across 17 markets, the study found that over 40% plan to increase their activities in India, drawn by its large consumer base and strong economic growth. Nearly half of all respondents intend to ramp up or maintain trade with India, with more than 60% of corporates from the United States (US), the United Kingdom (UK), Mainland China, Hong Kong, and Singapore aiming to boost engagement. The report highlighted India’s recent free trade pact with the UK and efforts to deepen market access with Singapore and China.
Reforms to attract foreign investment have strengthened India’s position in global supply chains. Business process outsourcing has evolved into nearly 1,760 global capability centres (GCCs), expected to exceed 2,000 next year, supporting advanced research and development (R&D) and analytics across sectors such as retail, automotive, healthcare, and banking. Asia is projected to drive global trade growth over the next three to five years, with the Middle East and the US maintaining a strong presence.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.