Monday, 05 February 2024 | 8:30 AM
Thanks to a host of unfavourable developments in the global environment, growth projections are being revised downwards and India is no exception. Additionally, there are local factors weighing down the domestic economy, including high inflation, interest rate increases and continued challenges within the financial sector. While the Government is making efforts to boost domestic manufacturing, employment, credit growth and entrepreneurship, the results may not be immediately visible. What are the medium-term prospects for the economy in this context? What are the key risks business leaders will need to grapple with?
Dr Soumya Kanti Ghosh, the Group Chief Economic Advisor at the State Bank of India, will provide a perspective. Dr Ghosh has been a co-author in a pioneering work to capture payroll data in India for the first time, both formal and informal, and designing the PM-KISAN scheme for farmers and the ECLG scheme for MSME borrowers. He serves as the Chairman of the Indian Banks’ Association’s Economist Group and is a member of several committees and Boards of prominent government institutions.
Dr Ghosh will share his outlook for the Indian economy together with a commentary on the implications this has for business. He will also provide a view on specific issues such as key risks, policy dilemmas and the state of the financial sector.