KPMG India CEO hails India's resilience, calls for trade diversification
As geopolitical shifts reshape trade and supply chains, KPMG India CEO Yezdi Nagporewalla said India must sustain growth by diversifying its economic strengths. He highlighted opportunities in manufacturing, semiconductors and data centres.
India's chief executive officer of KPMG in India, Yezdi Nagporewalla, praised the nation's resilience amid rising geopolitical tensions, global trade uncertainties, and supply-chain disruptions. Nagporewalla highlighted that India's strong economic growth and domestic consumption have been key factors in sustaining robust performance despite these challenges.
However, he cautioned that geopolitical uncertainties and their impact on global trade and supply chains are expected to persist. Nagporewalla emphasized the importance of India diversifying its trade relationships and strengthening domestic resilience, as the world moves away from the globalisation model of the past decade. He also noted that India is actively working to boost its manufacturing sector, with funding for manufacturing startups increasing significantly in recent years.
The CEO highlighted that the services-led economy is evolving, with artificial intelligence transforming the services industry and creating new demands for skills and talent. Nagporewalla stressed the need for Indian corporations to adapt by upskilling and reskilling their workforce to work effectively with AI.
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