Indian Companies Boost Global Trade Ambitions Amid Economic Uncertainty
India Inc eyes global ambitions: HSBC report reveals cross-border trade & investment surge
The Economic TimesImage: The Economic Times
A recent HSBC survey reveals that 98% of Indian companies plan to enhance cross-border trade and investment over the next five years, driven by strong domestic growth and a willingness to embrace calculated risks. Despite global economic volatility, 94% of firms are increasing investments in high-growth markets, with technology, particularly artificial intelligence, playing a pivotal role in their strategies.
- 0198% of Indian firms plan to expand cross-border trade or investment in the next five years.
- 0286% expect an increase in cross-border capital deployment over the next three years.
- 0394% of businesses are willing to take more calculated risks than five years ago.
- 04The UAE, UK, and Saudi Arabia are key markets for future engagement.
- 0571% of firms see artificial intelligence as a crucial driver of their global strategy.
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According to a recent survey by HSBC, Indian companies are significantly ramping up their global ambitions, with 98% planning to enhance cross-border trade and investment over the next five years. This marks the highest intention among surveyed markets. The survey indicates that 86% of businesses anticipate an increase in cross-border capital deployment within the next three years, reflecting a robust confidence in international growth opportunities despite ongoing global uncertainties. Ajay Sharma, Head of Banking at HSBC India, noted that these findings represent a fundamental shift in how Indian firms approach growth, highlighting a recalibration of risk strategies in response to economic instability. Notably, 94% of respondents expressed a greater willingness to take calculated risks compared to five years ago, with a focus on high-growth markets such as the UAE, UK, and Saudi Arabia. Furthermore, technology, especially artificial intelligence, is emerging as a key driver of international expansion, with 71% of firms identifying it as essential for enhancing productivity and innovation. The survey suggests that Indian businesses are not merely reacting to volatility but are proactively positioning themselves to capture a larger share of global capital and trade flows.
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The findings suggest that Indian companies are poised to capture a greater share of global trade, which could lead to increased economic growth and job creation domestically.
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