Over 60% of US, UK, China, and Hong Kong firms plan to boost trade with India, says Standard Chartered report

Standard Chartered’s latest report, trade: Flexibility, according to Flexibility, India is rapidly becoming a choice market for multinational companies who want to reorganize trade and production strategies. The report emphasizes a clear change in global institutional priorities, as well as traditional thoughts such as developing technologies and economic growth and tariffs.

In 17 key markets and four industries, the survey gathered 1,200 C-waterite and insight from the senior leader, almost half of the participants plans to increase or maintain trade activities with India.

Similarly, two of the five companies plan to expand or continue the existence of production in the country. In particular, more than 60 percent of companies from the United States, England, Mainland China and Hong Kong want to increase trade with India.
Globally, the report shows that while trade tariffs remain the biggest concern, developing technologies and general economic growth are increasingly shaping more and more institutional strategy. Approximately 53 percent of the respondents stated these factors as key driving forces that affect the future of global trade.

Standard Chartered Standard Chartered, ASEAN and South Asia, Global Participation, Corporate and Investment Banking and CEO Sunil Kaushal said: “Developing global trade and procurement chain ecosystems from customers and increasing the speed of the AI ​​and increasing trade, accelerating global growth and accelerating global growth and global growth. It is still complicated, even though the picture is increasing.

Corporate leaders see that Asia continues to increase global trade growth for the next three to five years, the Middle East comes to the forefront and the US remains a major player. The report also defines certain corridors that are expected to increase trade and production activities.