Jane Fraser, the CEO of Citigroup, says that India is currently shining on the global stage and has a unique chance to stand out.
Speaking at the Citi Investor Conference 2024, she highlighted India's opportunity to gain from changes in global supply chains, especially moving away from China, and how factors are aligning to attract global investors to India.
“India should be on the front foot. This is India's moment, it is not just the demographic dividend, it's not just a digital dividend. It's green opportunity,
it has an incredible talent base that is here, and an opportunity that I think the world is playing in to India's favour right now and it's yours for the taking,” Fraser said.
She emphasised India as a key beneficiary in the shift of global supply chains, noting its competitive edge due to its large scale, cost-effectiveness, and quality.
Fraser also mentioned India's unique strengths, such as its growing ease of doing business, rapid digital transformation, and potential in green technology, which together offer a promising landscape for both local and international investors.
“There aren't many countries which have the scale of India. And so when you're looking around, where you want to invest as a foreign investor this has big advantages here. Whilst it's in a challenging neighbourhood, India's got the ability to connect into the Middle East, where we are seeing tremendous financial flow vitality, and dynamism and also a fascinating societal changes that are happening there. That will be another beneficiary of a new and important partnership for India.”
(Edited by : Shweta Mungre)
First Published: Mar 12, 2024 12:46 PM IST