Forum Views - November 2023
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Dr. Vispi Rusi Bhathena, PhD (h.c.)
Chief Executive Officer
Dr. V. Aditya Srinivas
Chief Operating Officer
and Chief Economist
Markets and economy on strong footing: It appears that the Indian stock markets are currently experiencing
some volatility due to global central banks signalling a prolonged period of high interest rates. The US Federal
Reserve and the Bank of England have both indicated that they will maintain high interest rates for the foreseeable
future. This has led to a correction in the Indian stock markets, with a decline of around 2000 points.
However, despite this volatility, the Indian economy's fundamentals seem to be on a strong footing. The GST
collection exceeding INR 1.6 lakh crore suggests that economic activity is robust. The Reserve Bank of India (RBI)
has also decided to keep interest rates unchanged, with the Repo rate remaining at 6.5%. This decision may have
been influenced by a decrease in inflation from 7.44% to 6.83%, which provides some relief to the RBI. Additionally,
the Index of Industrial Production (IIP) has shown a significant increase from 3.7% to 5.7%, indicating rising demand
in the manufacturing sector.
F R O M
T H E
BBF SECRETARIAT
One positive aspect is that domestic mutual funds in India have been consistently investing in the stock markets. In
2023, they have invested around INR 1,13,000 crores, and the strong monthly Systematic Investment Plan (SIP)
flows of around INR 15,000 crore suggest that retail investors have confidence in the long-term growth prospects
of the Indian economy.
Overall, while there may be short-term challenges and market volatility due to global interest rate trends, the
strong economic fundamentals and continued investor confidence suggest that the Indian economy is well-
positioned for long-term growth.
BBF's commitment during SEBI IOSCO World Investor Week 2023 celebrations: In today's rapidly evolving
financial landscape, understanding the intricacies of investment is crucial for individuals looking to secure their
financial future. To promote financial literacy and empower investors, market infrastructure institutes all over India
contribute to the initiatives of SEBI World Investor Week celebrations.
BBF is dedicated to educating and enlightening individuals about the world of investment through a unique
approach of study visits - visiting financial institutions, stock exchanges, and investment firms can provide a deeper
insight into the functioning of financial markets. Through these study visits, participants gain valuable knowledge
about investment products, market dynamics, and risk management strategies. This firsthand exposure
demystifies the world of finance and empowers individuals to make informed investment decisions.
Furthermore, investment education is an ongoing journey as we continue to offer year-round programs and
resources to help individuals enhance their financial literacy and investment acumen. This commitment to lifelong
learning ensures that investors are well-prepared to navigate the ever-changing financial landscape.
FORUM VIEWS, NOVEMBER 2023 edition
From
to You...
BBF
FORUM VIEWS - NOVEMBER 2023
BBF conducted OVER 30 SEMINARS towards investor
education and awareness initiatives which were attended
by MORE THAN 1350 participants.
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