"Rewards for doing business in India are significant": Alexander Slater, MD USIBC
Business in India," Jonathan Hymer, the Minister Counsellor for Commercial Affairs at the United States Embassy in New Delhi, welcomed Alexander Slater, the Managing Director of the US India Business Council, to discuss the evolving business landscape in India post-pandemic.
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India has emerged from the pandemic as the fastest-growing large economy in the world for two consecutive years.
Slater pointed out a significant shift in global focus, which had predominantly been on China for decades.
Now, with changes in China's economic dynamics and India's sustained rapid growth, there is a burgeoning interest and opportunity in the Indian market.
«I think before the pandemic, there had been a decades-long focus in China when it came to emerging markets, or at least very large emerging markets. Now, I think with changes in the way that China's economy is functioning, and the rapid growth of India's economy over the last few years that is sustained and that people now think is likely to continue for years to come, there's a real opportunity here,» Slater said.
«The rewards for doing business here are significant. It's a market of 1.4 billion people...It's now the fifth largest economy in the world and forecast to be the third largest by 2030, if not earlier. There are huge rewards for being here as a businessperson,» Slater added.
Slater emphasized the robust innovation ecosystem developing between the United States and India,
