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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