DBS survey: Empowering finance teams vital for success in India's rapidly evolving market

A comprehensive, global study entitled ‘Pivotal: How treasury and finance enable a new era of globalisation’ conducted by DBS reveals the growing strategic influence that treasury and finance teams have on the long-term future of the business.

DBS’ new research – based on a survey of 570 senior leaders in nine sectors and 15 countries including India, reveals the strategic influence of treasury and finance teams in India is paramount to the long-term success of businesses. The survey offers valuable insights into how financial strategies and diversification efforts are driving growth and innovation.

The DBS study reveals that companies that empower their treasury and finance leaders to take on more involved roles and adapt to new responsibilities are better positioned to identify and capitalize on opportunities in a dynamic global marketplace.

Here we look at what this means for businesses in India

The Biz and Economic Climate in India

India's economic landscape is marked by a diverse and dynamic business environment. As one of the fastest-growing major economies globally, India's GDP reached approximately USD 3.5 trillion in 2023, with an annual growth rate of 6–7%. The country’s diverse manufacturing sector plays a crucial role in global trade. India’s strategic location between East Asia and the Middle East positions it as a key transit point for goods and services, further enhancing its importance in the global supply chain.

The focus is rapidly shifting towards diversification, as businesses aim to secure new skills, improve productivity, and explore new markets.

The research study identifies the top three strategic priorities for Indian businesses over the next two years:

78% will give  priority to securing new skills and talent