HSBC India Chief Executive Officer Hitendra Dave, speaking at the CNBC-TV18 Global Leadership Summit 2025 in Mumbai on Friday (November 7), said global economic uncertainty has been the defining theme for central banks, including the European Central Bank, Bank of England, Federal Reserve, and Reserve Bank of India.

Despite widespread concerns earlier this year of deep recessions and runaway inflation, he noted that these scenarios have not materialised. In contrast, India stands out with political stability over the past 10–11 years, low and stable inflation for the past seven to eight years, financial sector and market stability, and strong growth. Dave described India as a “shining beacon” with an opportunity for the country to seize growth and stability.

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