The war in Iran and its impact do not bother him and the Covid pandemic hurt the economy much more, Raymond Chairman and Managing Director Gautam Singhania has said.
“I think Europe is going to be a much more interesting place to operate. I think India has really isolated itself from global headwinds. (Prime Minister Narendra) Modi ji has played a fantastic role in this. So we seem to be doing okay… Covid hurt us much more.
Because of the strong domestic consumption story, we could survive Covid. Speaking to NDTV Profit’s Managing Editor Tamanna Inamdar on the opening day of the NDTV World Summit 2026 on Thursday, Singhania noted that it is an interesting time to run a business and operate in India, and domestic consumption plays a big role in this. India, I think, has signed 33 free trade agreements and it is an interesting time to be here. For us, 85% of consumption is domestic,” he said.
Acknowledging that oil prices affect several other areas, the entrepreneur said the uncertainty around tariffs will hurt the US itself. READ | “AI Chatbots Horrible For Learning”: Andrew Ng At NDTV World Summit “It’s hurting us, but we learn to cope. This is just a blip, in my opinion,” he said.
