Page 10 - Bullion World Volume 3 Issue 1 2023

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.
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