HSBC sees bright future for India amid strong economic fundamentals: CFO Pam Kaur

HSBC’s Group CFO Pam Kaur has expressed strong confidence in India’s economic prospects, highlighting the country’s stability, growth potential, and attractiveness to global investors.

In an exclusive interview with CNBC-TV18, Kaur said, “India is a very important part of our franchise… I feel proud of how India’s economy has progressed—the fiscal discipline, stability, and the investment environment.”

With 45,500 employees in the country, India is now HSBC’s largest workforce hub, underscoring its significance among the bank’s top five markets.

Kaur emphasised that HSBC’s strategy in India focuses on areas where the bank has a competitive advantage, such as international connectivity and wealth management.

The bank is also looking to expand its presence in GIFT City, seeing it as a key opportunity for multi-product offerings and supporting corporate clients. “Investing in GIFT City, doing multi-product offerings, focusing on wealth growth, and supporting our corporate clients with the opportunities it brings” are central to HSBC’s strategy in India, she added.

On foreign investment, Kaur noted that India’s strong fundamentals and youthful workforce make it an attractive destination. “FDI will continue to flow in. Outbound diversification will also continue,” she said, adding that India is on track to become the world’s third-largest economy by 2027.

With solid fiscal management, a young population, and expanding global linkages, HSBC sees India as a market with long-term growth potential and a strong foundation for both domestic and international investors.

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