HSBC Navigator provides comprehensive insight into the now, next and how for business, representing the views of over 9,100 business decision-makers across 35 markets. This report gives an understanding of how businesses like yours can continue to grow now and in the future.

India set to weather global trade uncertainties

Over the next 10 to 15 years, India is poised to become one of the world’s top three economic powers1. Government initiatives such as 'Make in India' and 'Digital India' aim to boost the manufacturing and technology sectors2, and Indian businesses are highly optimistic for both the near and long-term future. Adding to this optimism, the country retains its status as the world’s third-largest base for fledgling businesses, with more than 4,750 technology start-ups3.

State of play

Entering new markets and investing in technology to drive confidence

Over the past year, companies in India have become more optimistic about their business. Almost all (98%) companies surveyed expect their sales to grow over the next five years, while half (50%) anticipate growth of more than 15%. These high-growth firms are more than twice as optimistic as businesses globally.

This confidence comes from the prospect of new markets opening up, the availability of high-quality suppliers and plans to invest in technologies that will pave the way for new products and services

98 %

Almost all (98%) companies surveyed expect their sales to grow over the next five years, while half (50%) anticipate growth of more than 15%

Expectations for future business growth

Expect sales to grow – Next year*
Expect sales to grow – Next five years*
Grow by 15% or more – Next year
Grow by 15% or more – Next five years
Grow by 6-14% – Next year
Grow by 6-14% – Next five years

Next year

Grow by 5% or less


Stay the same


Expect sales to shrink  


Next five years

Grow by 5% or less


Stay the same 


Expect sales to shrink  


*This is the sum of grow by 5% or less, 6-14%, 15% or more.

What you need to know

  1. 1

    Businesses in India are confident about the future. Over the next year, 96% of businesses expect their sales to grow – revealing optimism far above their global and Asia-Pacific (APAC) peers at 79% and 77%, respectively.

  2. 2

    Over the next five years, almost all Indian businesses are optimistic in their business outlook – with 98% forecasting growth.

What your business can do

  • Capture market momentum. Indian companies are looking at plans to enter new markets (29%), invest in innovation (27%) and improve the quality of products and services (26%) as proactive strategies.
  • Utilising technology can bring speed, efficiency and cost-savings. In the next three years, 37% of Indian businesses expect to increase the use of digital technology in their supply chains.