Forum Views - October 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, OCTOBER 2023 edition
The Indian Economy is clearly showing its leadership among the world economies with the GDP coming
at 7.8% which is at 4 quarters high. The world economy growth is around 2.5% while the USA latest GDP
were at 1.3% and China at around 6%. The world is surely accepting India as the torch bearer for the
road ahead.
Indian Economy currently $ 3.75 trillion; by 2031 S&P projects that Indian economy may touch $ 6 to 7
trillion. India to become 3rd largest in world after USA and China.
F R O M
THE
BBF SECRETARIAT
Inflation which has raised its menacing head and is at 7.44% makes the case for worry as the Central
bank has indicated that if the inflation remains at elevated levels, then they would be forced to increase
the interest rates. Our Repo Rate has been kept constant at 6.5% for the 3 consecutive RBI Monetary
policy meet but the stand of the Central Bank is getting more cautious. USA Fed Reserve has already
increased its interest rates at 5.25% which is at 22 years, but they have also indicated that if the inflation
remains high then they would also be forced to increase the interest rates going ahead.
GST collections has been consistently above Rs. 1.5 lakh crores which shows that at the
grass root level the economy tends to show good strong footing and the economic activities picking up.
Indian stock markets are witnessing huge flows from domestic as well as foreign investors. The Indian
Mutual funds industry is also witnessing continuous monthly growth.
From
to You...
BBF
FORUM VIEWS - OCTOBER 2023
BBF conducted OVER 30 SEMINARS towards investor education and awareness
initiatives which were attended by MORE THAN 1500 participants.
BOMBAY STOCK EXCHANGE
BROKERS’ FORUM (BBF)
Policy Group Meeting
on Saturday, 16 September at the
Jade Garden Ball Room, Mumbai
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