India plays a pivotal role geopolitically from an American perspective and offers US companies the opportunity to de-risk from China in the manufacturing sector, the head of a top India-centric American business and strategic advocacy group has said.
The economic growth story of India is tremendous. India is among very few large economies which are growing seven to eight per cent, Mukesh Aghi, the President and CEO of the US-India Strategic and Partnership Forum (USISPF), said on Wednesday.
From an American perspective, India plays a “pivotal role†geopolitically, he said.
“India is one economy which is providing market opportunity, especially to US companies that come in and invest and gain market share. It is an economy which is providing de-risking from China itself in the manufacturing area,†Aghi told PTI in an interview.
“What we are seeing is the Indian economy is not just becoming a market opportunity, it’s becoming an opportunity for manufacturing. ..But more important is we are seeing a growth of global capability centres in India,†Aghi said.
The Indian economy is expected to gain momentum in 2025, he said.
India is exporting roughly almost USD 125 billion of services.
Aghi’s remarks came ahead of the annual India Leadership Summit of the USISPF on October 14.
Several top American business leaders, including CEOs of Fortune 100, are heading to New Delhi to attend the event.
The summit will feature thought-provoking sessions and panel discussions to advance and strengthen the India-US partnership.
“We have potential investors and also in startups and looking at technology companies.
