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Economic Times
29-05-2025
- Business
- Economic Times
87% Indian firms shift focus to domestic market amid global trade turmoil, HSBC survey finds
HSBC's Global Trade Pulse Survey shows 87% of Indian firms are focusing on domestic markets due to global trade uncertainties, while also exploring new regions and M&A strategies to mitigate risks and sustain growth. Tired of too many ads? Remove Ads Trade policy shake-up prompts strategic shift Managing costs and risks Tired of too many ads? Remove Ads Optimism persists despite disruption Indian businesses are recalibrating their trade strategies in the face of global uncertainty, with 87% pivoting their focus toward domestic markets to prioritise local customer needs and ensure stability, according to HSBC's latest Global Trade Pulse Survey released survey, conducted between April 30 and May 12, 2025, interviewed 5,750 businesses across 13 global markets, including 250 Indian firms with international operations and annual turnover between $50 million and $2 billion. It highlights how Indian companies are rethinking growth, investment, and expansion strategies in response to a shifting global trade landscape.'Indian businesses are demonstrating remarkable resilience and adaptability in the face of global trade uncertainties,' said Runa Baksi, Head of Global Trade Solutions, HSBC India. 'The findings of HSBC Global Trade Pulse Survey highlight a pivotal shift, with Indian firms recalibrating their focus toward domestic markets and actively exploring new regions to mitigate risks and seize emerging opportunities. This dual approach underscores the agility of Indian enterprises in navigating complex trade dynamics while maintaining an optimistic outlook on growth.'The report reveals that 76% of Indian firms are reassessing their long-term strategies due to changes in trade policies, and 80% are exercising increased caution in expansion and investment decisions. Trade-related uncertainties are also influencing decisions on market exposure and partnerships.A large majority—91%—of Indian businesses are looking to enter new markets, especially in regions less affected by trade disruptions. In parallel, 82% are exiting high-risk markets and 87% are exploring mergers and acquisitions to either strengthen their supply chains or bolster market pressures are also mounting. Some 83% of Indian firms, above the 73% global average, expect a 'substantial rise in cost in the next six months due to trade uncertainties.' Within this group, 51% cite tariffs and other trade-related factors as key concerns. To manage these rising expenses, 42% of firms have already adjusted prices, while another 48% plan to follow management is also in focus, with 45% of Asian firms already increasing stockpiles and another 48% of Indian firms planning similar measures to buffer against supply chain the challenges, Indian companies remain optimistic about future growth. A strong 96% of firms in India express confidence in their international growth prospects over the next two years—well above the 89% global optimism is reflected in increased interest in trade with the USA, South Asia, and the Middle East. Moreover, 80% of Indian firms believe that trade uncertainties have spurred business evolution and new half of Indian respondents—56%—are actively seeking support in crisis planning and business resilience, while 53% require better tools to manage trade risks HSBC Global Trade Pulse Survey provides a snapshot of how Indian firms are adapting their strategies as they navigate a turbulent global trade environment. As businesses shift gears, the focus is clear: local strength and diversified global reach are becoming the new pillars of resilience.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
29-05-2025
- Business
- Time of India
87% Indian firms shift focus to domestic market amid global trade turmoil, HSBC survey finds
Trade policy shake-up prompts strategic shift Managing costs and risks Live Events Optimism persists despite disruption (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Indian businesses are recalibrating their trade strategies in the face of global uncertainty, with 87% pivoting their focus toward domestic markets to prioritise local customer needs and ensure stability, according to HSBC's latest Global Trade Pulse Survey released survey, conducted between April 30 and May 12, 2025, interviewed 5,750 businesses across 13 global markets, including 250 Indian firms with international operations and annual turnover between $50 million and $2 billion. It highlights how Indian companies are rethinking growth, investment, and expansion strategies in response to a shifting global trade landscape.'Indian businesses are demonstrating remarkable resilience and adaptability in the face of global trade uncertainties,' said Runa Baksi, Head of Global Trade Solutions, HSBC India. 'The findings of HSBC Global Trade Pulse Survey highlight a pivotal shift, with Indian firms recalibrating their focus toward domestic markets and actively exploring new regions to mitigate risks and seize emerging opportunities. This dual approach underscores the agility of Indian enterprises in navigating complex trade dynamics while maintaining an optimistic outlook on growth.'The report reveals that 76% of Indian firms are reassessing their long-term strategies due to changes in trade policies, and 80% are exercising increased caution in expansion and investment decisions. Trade-related uncertainties are also influencing decisions on market exposure and partnerships.A large majority—91%—of Indian businesses are looking to enter new markets, especially in regions less affected by trade disruptions. In parallel, 82% are exiting high-risk markets and 87% are exploring mergers and acquisitions to either strengthen their supply chains or bolster market pressures are also mounting. Some 83% of Indian firms, above the 73% global average, expect a 'substantial rise in cost in the next six months due to trade uncertainties.' Within this group, 51% cite tariffs and other trade-related factors as key concerns. To manage these rising expenses, 42% of firms have already adjusted prices, while another 48% plan to follow management is also in focus, with 45% of Asian firms already increasing stockpiles and another 48% of Indian firms planning similar measures to buffer against supply chain the challenges, Indian companies remain optimistic about future growth. A strong 96% of firms in India express confidence in their international growth prospects over the next two years—well above the 89% global optimism is reflected in increased interest in trade with the USA, South Asia, and the Middle East. Moreover, 80% of Indian firms believe that trade uncertainties have spurred business evolution and new half of Indian respondents—56%—are actively seeking support in crisis planning and business resilience, while 53% require better tools to manage trade risks HSBC Global Trade Pulse Survey provides a snapshot of how Indian firms are adapting their strategies as they navigate a turbulent global trade environment. As businesses shift gears, the focus is clear: local strength and diversified global reach are becoming the new pillars of resilience.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
RTÉ News
23-05-2025
- Business
- RTÉ News
Global companies rethinking strategies amid tariffs, trade policies
New research suggests global companies are rethinking their strategy and planned investments, as tariffs and shifting trade policies continue to impact their business. HSBC's 2025 Global Trade Pulse Survey captures the views of 5,700 international firms across 13 markets. Two thirds of those surveyed have already experienced cost increases due to tariff and trade uncertainty. Over 70% said they expect costs to escalate further in the short and long-term. Businesses also expect an average decline in revenues of 18% due to supply chain delays. Over half of respondents feel rising costs are the number one concern for supply chain strategies . Meanwhile, 85% have revised or plan to revise their pricing strategy upwards to reflect higher costs or market changes. Despite the uncertainty, almost 90% of businesses are confident about their ability to grow international trade over the next two years. "The current landscape of tariffs and trade uncertainty presents significant challenges for businesses, but they are showing great resilience and adaptability in the way they operate," said Vivek Ramachandran, Head of Global Trade Solutions at HSBC. "With over 70% of companies anticipating sustained cost increases, and businesses facing an average 18% drop in revenue, the imperative for strategic adaptation is clear. "Navigating this climate requires not only agility, but strong partnerships to ensure sustained growth in a shifting global economy," he added.
