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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