Forum Views - February 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
FORUM VIEWS, FEBRUARY 2023 edition
WORLD AND INDIAN ECONOMY SHOWS STRONG MACRO DATA
Macro-Economic data seems to be improving world over with US inflation coming down from 7.1%
to 6.5% which is huge relief for the world economy as the FED may take softening of inflation to go
slow for rate hikes in 2023. This will also reduce the fear of USA entering recession which is being
widely speculated.
F R O M
THE
BBF SECRETARIAT
The World Bank has projected that Indian Economy GDP growth would be 6.8% which is very
positive since the world GDP is likely to be in the range of 2.2% to 2.5% while the US GDP was at
1.9% and China was at 3.9%. The last 20 years average GDP data of India has been in the range of 7
to 7.5%, while the world average has been in the range of 2 to 3%. Thus, even in the post pandemic
world Indian economy is one of the fastest growing economies in the world.
The Indian Economy is also witnessing strong macro economic data as inflation has eased from
5.88% to now at 5.72% which is one year low. This will give RBI same elbow room to have a wait and
watch situation in going for aggressive rate hikes. This is very important for the consumption
driven economy like India where majority of houses, vehicles are sold on loans. Thus, cost of capital
becomes very important for the long-term growth of the economy.
The index of industrial production data which track the demand in the manufacturing segment has
also witnessed an improvement from 2.4% to 7.1%. This is positive news as the demand in the
manufacturing sector rises. This will create more jobs in the economy.
The GST collection has been consistently rising and the latest GST collection of Rs. 1,50,000 crore
shows that the economic demand is going up and there is strong recovery in the economy in terms
of business activity.
On the BBF front:
BBF conducted 30 webinars towards investor education
and awareness initiatives which were attended by over
1500 participants.
From
to You...
BBF
Day/ Date
Interactive webinar(s) on
Allocation - operational impact of CC penalty norms w.e.f. 1-Feb-2023 and
related matters
Friday, 20th January
Running account settlement on 6-Jan, and New Reporting Format for
Segregation file from 20-Jan.
Thursday, 5th January
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