Page 10 - Bullion World Volume 3 Issue 1 2023
P. 10

Bullion World | Volume 3 | Issue 1 | January 2023


           defense production. 2023 is expected to play a key role in the establishment   The business-friendly policies and
           and proliferation of this sector as well.                           sops being provided to enterprises
                                                                               have made India the third-largest
           As you can see, apart from the traditional industries such as banking, IT,   startup ecosystem in the world.
           telecom, and manufacturing, several niche sectors are emerging that are   Fanned by this encouragement,
           likely to contribute to India's above-average economic growth.      more entrepreneurs are seeking
                                                                               sunrise opportunities in sectors that
           IV. Fiscal and monetary policy
                                                                               are aimed at future-proofing our
           In a low-inflation environment, monetary policy aids in consolidating debt by
                                                                               economic growth.
           keeping borrowing costs low. However, in the present scenario, the RBI – the
           gatekeeper of India’s monetary policy – has been taking corrective actions                                                          th
                                                                               While we will see what 2023 holds for
           to keep inflation in check by increasing repo rates. While a lot of this has
                                                                               our nation, all signs point towards a
           been in response to the US Fed Reserve’s actions, it is likely that there will                                        6
                                                                               stable outlook with a few unalarming                                IGPC-IIMA ANNUAL
           be a few more hikes domestically as well. Economic think tanks project this
                                                                               periods of slowdown and negative
           to be around 50 basis points by the end of Q4 2022-23. However, it is also
                                                                               market downswings. As an investor                                   GOLD & GOLD MARKETS
           predicted that repo rates might be cut if the inflation levels fall in the latter
                                                                               and part of the country’s workforce,
           half of 2023.
                                                                               these minor hiccups do not deter me,
                                                                               and neither should you be perturbed.
           The global slowdown and its impact on exports are likely to keep the current
                                                                               In the long run we are, most likely,
           account deficit intact. The government will need to intervene with its policies
                                                                               headed to becoming a global
           to attract foreign investors and associated capital inflow that has reached
                                                                               economic powerhouse, and 2023
           record lows due to the strain on global economies.
                                                                               should be one rewarding step closer
                                                                               to that port of call.


                                                                                                                                                            CONFERENCE INCLUDES
                                                                               Profile
                                                                               Shekhar Bhandari is responsible for
                                                                               Technology, Digital, P&L on Trade,                      Panel Discussions, Paper Presentations & Workshops
                                                                               Foreign Exchange, Investment and
                                                                               Supply Chain Finance, International
                                                                               Trade Finance, Domestic and cross
                                                                               border payments culminating
                                                                               into liquidity and working capital
           V. Conclusion                                                       solutions for the entire bank.                      Conference Committee                   Registration Fee
           Our economic resilience and robust economic resurgence have become   Shekhar is also Member of precious
           a benchmark for the world. The large scale public investments and other   metals oversight committee                    Prof. Arvind Sahay
           initiatives undertaken by the government have brought about a noticeable   governed under Financial Conduct                                                         Delegate Fees                   INR 10000
           transformation in varied sectors such as healthcare, energy, climate action,   Authority. He has also been              Prof. Sanket Mohapatra
           education, and MSME development.                                    felicitated as “Transaction Banker
                                                                               of the Year in Asia pacific” by The                 Prof. Joshy Jacob                      https://lnkd.in/dee6-XQr
                 Manufacturing supplies, exports, and the                      Asian Banker in May 2019.
              services industry have been the strongest hit
              due to the high dependence on the US dollar
               and its constant rise against the Rupee. This
               is expected to continue in H1 ‘23. However,
             and hearteningly so, India continues to remain
                 an attractive consumer market for global                                                                                                                    SCAN TO KNOW MORE
                 corporations. Moreover, in their pursuit of
                 a China+1 policy, leading enterprises are
             diversifying businesses to other countries, with
                     India being a preferred beneficiary.
            10
   5   6   7   8   9   10   11   12   13   14   15