SBI has identified eight new sectors to build a financial ecosystem, says Chairman C.S. Setty

We are in the midst of geopolitical turbulence. As a banker and chairman of the country’s largest bank, how do you see India’s economy weathering the storm?

Over the past five years, we have had Covid, global uncertainty in terms of disruptions, supply-chain issues, and trade shifts happening because of tariff barriers. But all through this, the Indian economy has stayed resilient. We have weathered uncertainties much better than many other countries globally. Though India is not decoupled from global disruptions, our economy is primarily driven by domestic consumption, not exports. While there will be some impact of the tariffs, I’m sure policymakers, regulators, and banks will work together to ensure that the sectors impacted are protected from any potential damage if the tariff issue is not resolved. But I’m confident that government-level intervention will result in some kind of resolution on the tariffs.