Carmine Di Sibio, the CEO of Ernst & Young (EY), has spoken highly of India as a top destination for global investors in the coming years. Di Sibio's optimism about India's investment potential stems from the country's demographics, entrepreneurial spirit, and burgeoning technology landscape.

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"India is probably top of the list for global investors in terms of where to invest in the next few years. India has demographics going for it, but it is not only that, it has entrepreneurship, it has the ability for business to flourish.

There is great entrepreneurship in India around technology. I think there will be more entrepreneurship around artificial intelligence (AI) as well," Di Sibio said in an interview with CNBC-TV18.

One area where Di Sibio sees a golden opportunity for India is in manufacturing. As global supply chains have been disrupted and reconfigured in recent years, India can capitalise on businesses' need to diversify their manufacturing bases away from China.

Furthermore, Di Sibio underscores the growing significance of geopolitics in investment decisions. CEOs and businesses are now closely examining supply chain risks and the geopolitical climate of potential investment destinations. Ensuring a favourable relationship between the host country's government and their own is crucial for businesses looking to invest abroad, he added.

Watch the accompanying video for the entire conversation.

First Published:Oct 11, 2023 10:31 PM IST