According to Filippo Gori, the CEO of Asia Pacific at JPMorgan, the Asia-Pacific region is poised to be the driving force behind global economic growth in the coming decades. Gori expressed excitement about the region’s potential during the India Investment Summit by JPMorgan, highlighting that Asia is expected to represent approximately 50% of the global GDP by the end of the decade.
He praised the exceptional talent pool in India and the surrounding region, emphasizing India’s position as the fastest-growing economy among the world’s major economies.
Gori also noted the factors contributing to India’s economic enthusiasm, including the “China Plus One” strategy, favorable demographics, and positive economic performance. He highlighted the significant potential for growth in the payments sector, suggesting that it could become a $20 billion business globally.
While acknowledging India’s vibrant service sector, Gori emphasized the importance of investing in infrastructure and strategic initiatives to bolster the manufacturing sector’s growth.
In the healthcare field, the Asia-Pacific region is at the forefront, with public infrastructure and digital advancements playing a crucial role in driving India’s economic acceleration. Despite challenges in mergers and acquisitions in the region in 2023, Gori expressed optimism, anticipating an uptick in activity.
