Too early for Israel-Hamas conflict to play out in global equity markets: KPMG India CEO

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KPMG India CEO Yezdi Nagporewalla has said it is too early for the Israel-Hamas conflict to play out fully in the global and domestic equity market. It may be noted that both domestic and the global equity markets have not shown any knee jerk reaction even as the Israel-Hamas conflict enters the second week. On the domestic economy, Yezdi maintains that India has demonstrated its capability.      

Speaking at the KPMG flagship event EnRICH 2023, Yezdi says it is early days. “One has to realise that one of the counterparties hasn’t fully reacted. Rest of the world is trying to see how to contain that. Depending on that reaction one would see how it pans out in the coming days.”

On the Indian growth, Yezdi tells Fortune India, “The potential is demonstrated by us. For the first time, people have taken India economically and capability wise seriously. People now know that we are capable and we mean business.” 

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