Forum Views - Oct 2024

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This month's issue presents a rich array of global perspectives, diving into key topics shaping

financial services today. From emerging market challenges in governance to India's roadmap for

sustainable, systemic growth, we explore the evolving landscape of finance. Discover practical

insights on personal loans, digital PR strategies for financial institutions, and lessons from Japan's

Kaizen philosophy. We also touch on important legal frameworks like Leave and License

Agreements and share secrets to longevity from healthy elders. These diverse features offer

valuable guidance for navigating the complexities of modern finance and beyond.

T H E

BBF SECRETARIAT

Turning our focus to the market, India continues to shine as a beacon of resilience in a globally

turbulent economy. Despite global selloffs and underperformance by major US tech companies,

India's stock market thrives on strong domestic fundamentals. The GDP for the first quarter of FY

2024 (April-June) reached 6.7%, following 7.8% growth in the previous quarter, solidifying India's

leadership among major global economies. For comparison, GDP growth in other major economies

includes: USA at 2.8%, China at 4.7%, Japan at 3.1%, UK at 0.6%, and Germany at -0.1%.

Robust GST collections, reaching a record Rs. 1.75 lakh crore in August 2024 (a 10% increase from

the previous year), further highlight India's strong fiscal position. Capital markets continue to

expand rapidly, with 42.3 lakh new demat accounts opened in August alone, bringing the total to

over 17.11 crore—a milestone that now places India ninth globally in terms of demat account

numbers, surpassing the populations of countries like Russia, Mexico, and Japan.

Meanwhile, private vehicle sales in the April-June quarter saw remarkable growth of 17%, far

surpassing last year's 10%. These figures emphasize the strength of the Indian economy, even amid

global headwinds such as geopolitical tensions and high interest rates that have slowed growth

elsewhere.

Stay tuned for more detailed analysis and insights in this edition, aimed at helping you navigate the

ever-changing worlds of finance, governance, and economics with confidence and clarity.

FORUM VIEWS,

2024 edition

OCTOBER

From

to You...

BBF

FORUM VIEWS - OCTOBER 2024

Dr. Vispi Rusi Bhathena, PhD (h.c.)

Chief Executive Officer

Dr. V. Aditya Srinivas

Consulting Editor

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