Citibank’s Chakraborty lists 3 things India needs for foreign capital

Samiran Chakraborty, Citi's India chief, has outlined three immediate steps India must take to attract global capital: stabilising the rupee, building resilient global supply chains, and sustaining credit growth to extend the capital expenditure cycle. In an exclusive interview with Shweta Punj, he warned that without rupee stability, capital flows could slip back to pre-FCNR levels.

Chakraborty emphasised that India needs to consistently communicate its growth story, macro stability, and political stability to investors. He also urged the government to clearly spell out its reform roadmap for the next 2-3 years, highlighting which sectors will see changes. Additionally, he said India must craft a stronger narrative around its AI opportunity to draw capital amid a global AI investment boom that may eventually reverse.