India’s attraction as an funding vacation spot stays robust amid international financial uncertainties, in response to Manny Maceda, the Worldwide Managing Partner and CEO of Bain & Co. In an interview with ET he stated, “India has always been a great, unique opportunity.”
The International Monetary Fund (IMF) not too long ago raised India’s GDP progress forecast for FY24 to six.3%, which is 40 foundation factors greater than its earlier April forecast.When questioned about India’s potential to maintain this progress amidst financial challenges within the West, Maceda highlighted India’s distinctive place. “The combination of tailwinds for many other markets and arguably hurricane-force headwinds makes India a compelling investment destination, especially during a period of global economic uncertainty,” he stated.
He talked about a number of key elements influencing the worldwide economic system, together with the shift in direction of decarbonization, the influence of generative AI within the digital revolution, and modifications in globalization because of geopolitical occasions.These three traits coincide with a interval of pricey capital, prompting international corporations and buyers to reassess their funding methods, Maceda famous. In this context, India emerges as a horny and promising vacation spot for funding, each domestically and on the worldwide stage, he stated. “India comes out as a place that is a very attractive place to be. It presents a remarkable opportunity both internally and on the global stage,” he added.
Maceda is of the view that India will reap the rewards of world corporations reshaping their provide chains. He additionally believes that this transfer to diversify provide chains is a sustained development. “In my view, it’s a long-term trend, and India is well-positioned to benefit. Companies are meticulously evaluating opportunities and risks, examining each industry, supply chain, and even individual components,” he stated.

Companies are making detailed comparisons between India and different international locations like China, Vietnam, Indonesia, or Mexico to evaluate their potential, he stated, including that the development towards deglobalization has made political elements a key driver of strategic choices.
On its half, India is actively inspecting its place inside international provide chains whereas considering related dangers, Maceda stated. This opens up alternatives for India to interact in various international provide chains, together with sectors it historically had minimal involvement in, such because the semiconductor business, he famous.