SBI Chairman Flags Reform Gains, Capex Opportunities At Davos

Speaking at the World Economic Forum in Davos, the Chairman of State Bank of India outlined how India’s reform journey has matured, with labour code reforms emerging as a key inflection point. In a conversation with Business Today Group Editor Siddharth Zarabi, he stressed that ease of doing business and fiscal discipline at the state level are crucial for sustaining growth. The focus, he said, is shifting from headline capex numbers to building credible investment pipelines. Sunrise sectors such as data centres, green hydrogen, semiconductors and renewables are attracting strong capital interest. He also underlined the resilience of India’s banking system, backed by stronger capital buffers, improved risk assessment and accelerating digitisation.

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