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India emerges as top destination for global corporates: Report
['Press Trust Of India']
The Siasat Daily
New Delhi: India is emerging as the leading market of interest for companies looking to realign their trade and manufacturing activities, a report said on Tuesday.
In particular, more than 60 per cent of corporates from the US, the UK, Mainland China and Hong Kong are looking to increase trade with India, the report titled ‘Future of Trade: Resilience’ said.
The report presents inputs from 1,200 C-suite and senior leaders at multinational corporations based in 17 key markets across four industries, on their views for global trade and their strategies over the next three to five years.
While trade tariffs are top of mind, emerging technologies and global economic growth are equally critical factors, with 53 per cent of corporates respectively ranking those as the top strategic drivers shaping the future of global trade, it said.
The report also revealed corridors that will see increased trade and manufacturing activities, it said.
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