Despite a prevailing bearish outlook on economies worldwide and wavering investor confidence in global markets, India’s capital markets stand resilient, exhibiting a bullish trend. This resilience is noteworthy, particularly against the backdrop of adversities such as the Russia-Ukraine conflict and the United States grappling with its highest inflation rates in four decades. Amid global uncertainties, India emerges as an attractive investment destination for discerning investors seeking growth opportunities in emerging markets. One significant positive development is the decline in Non-Performing Asset (NPA) levels, attributed to the effective implementation of the Insolvency and Bankruptcy Code (IBC). This downward trajectory in NPAs is anticipated to fortify the financial health of banks, thereby facilitating smoother credit flows—a crucial catalyst for a country’s economic growth trajectory.
Furthermore, the Reserve Bank of India’s (RBI) decision to maintain key interest rates unchanged has contributed to the allure of the Indian market, drawing substantial investments from Foreign Portfolio Investors (FPIs). The recent inclusion of Indian gilts in prominent indices such as JP Morgan and Bloomberg is poised to bolster FPI inflows, with the attractive rates in India enticing global funds towards Indian bonds. Notably, the Indian market presently boasts a valuation nearly twice that of other global indices.
Against this backdrop, the upcoming conference offers a platform for in-depth discussions on the trajectory of financial markets, particularly examining whether the current trends are bolstered by tailwind factors that are poised to propel growth. Organized under the auspices of the Bangalore Chamber of Industry and Commerce (BCIC) – SDMIMD Centre for Management Excellence, the conference aims to facilitate insightful deliberations and foster collaboration among industry stakeholders.