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Business Standard
29-05-2025
- Business
- Business Standard
87% of Indian firms shift focus to domestic amid trade worries: HSBC
Indian firms are rethinking their trade strategy amid global uncertainties, with 87 per cent shifting focus towards domestic markets, prioritising local customer needs to ensure stability and minimise international exposure, according to the HSBC Global Trade Pulse Survey. The survey examined the business strategies and sentiments of 5,750 international companies in 13 global markets, including 250 firms from India, in relation to tariffs and trade. It showed that 76 per cent of Indian firms are reassessing their long-term business strategies in response to changes in trade policies, while 80 per cent reported exercising greater caution in expansion and investment decisions due to trade-related uncertainties. '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, in a statement. 'The findings of the 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 survey further found that 91 per cent of Indian firms are exploring new regions less affected by trade disruption. Despite global uncertainties, 96 per cent of Indian firms expressed confidence in their international growth prospects over the next two years, compared to a global average of 89 per cent. 'To achieve this, Indian firms are adapting their trade strategy to significantly increase their reliance on the US, as well as South Asia and the Middle East,' the release stated. At the same time, 82 per cent of Indian firms are choosing to exit high-risk markets impacted by trade uncertainty, while 87 per cent are exploring mergers and acquisitions to support their market position or strengthen supply chains through strategic partnerships. In the current scenario, 83 per cent of Indian firms anticipate a substantial rise in costs due to trade uncertainties. Meanwhile, 51 per cent of firms are concerned about escalating expenses driven by tariffs and other trade-related factors. 'To address these challenges, 42 per cent of Indian companies have already adjusted their prices to account for higher costs, while 48 per cent are planning similar measures. Additionally, 45 per cent of Asian firms have increased their inventory levels to mitigate supply chain disruptions, with another 48 per cent of Indian firms intending to follow suit,' the release stated.
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)
Hans India
29-05-2025
- Business
- Hans India
87 pc of Indian firms shift focus to domestic markets amid global uncertainties
New Delhi: Amid global uncertainties, Indian businesses are rethinking their trade strategies to adapt to evolving market dynamics, with 87 per cent of firms pivoting their focus toward domestic clients, prioritising local customer needs to ensure stability, a new HSBC Global report said on Thursday. About 76 per cent of Indian firms are reassessing their long-term business strategies in response to changes in trade policies, while 80 per cent report exercising greater caution in expansion and investment decisions due to trade-related uncertainties, according to the 'HSBC Global Trade Pulse Survey'. It examined the business strategies and sentiments of 5,750 international companies in 13 global markets, including 250 firms from India, in relation to tariffs and trade. 'Indian businesses are demonstrating remarkable resilience and adaptability in the face of global trade uncertainties. The findings 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,' said Runa Baksi, Head of Global Trade Solutions, HSBC India. This dual approach underscores the agility of Indian enterprises in navigating complex trade dynamics while maintaining an optimistic outlook on growth, Baksi added. In light of the current trade dynamics, businesses are adopting various strategies to navigate uncertainties. A significant 91 per cent of Indian firms are focusing on entering new markets, particularly in regions less affected by trade disruptions, while 87 per cent are shifting their attention to domestic markets, prioritizing local customers, and minimising international exposure. Additionally, 82 per cent are choosing to exit high-risk markets impacted by trade uncertainty, and 87 per cent are exploring mergers and acquisitions to bolster their market position or strengthen supply chains through strategic partnerships. The survey also shows 83 per cent of Indian firms (73 per cent global average) anticipate a substantial rise in cost in the next six months due to trade uncertainties, with 51 per cent of these firms being concerned by the escalating expenses driven by tariffs and other trade-related factors. To address these challenges, 42 per cent of Indian companies have already adjusted their prices to account for higher costs, while 48 per cent are planning similar measures. Additionally, 45 per cent of Asian firms have increased their inventory levels to mitigate supply chain disruptions, with another 48 per cent of Indian firms intending to follow suit, said the report. --IANS na/
