Insights on the Indian economy – Dr Latha Chari, Deputy Director- ITM:Institute of Financial Markets
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29 May 2014 - 6:53, by , in ITM, 53 comments

We are glad to see that the Indian economy is going through a very exciting phase, where we expect paradigm shifts in policy making, regulation, governance to put it back on a high growth path. India’s budget gap narrowed to 4.6% in the year ended 31 March, 2014 from 4.9% in the previous 12 months.  The current-account shortfall was kept below $40 billion compared with a record $88 billion the previous year. Inflation has been kept at a marginally low rate of 6.2% as compared to 7% for the year ended 2013. The Rupee has seen some strengthening against the dollar (Source: RBI reports).

All these positive macro-economic indicators, combined with the verdict of a stable government that is committed to growth and development, points towards the beginning of a reversal of past trends. We believe that the Indian economy is poised and ready to grow at rates of 8-9% in the forthcoming years.

The BFSI segment will continue to grow (propelled by new bank licences, financial reforms) and there will be ample opportunities for employment and growth in this sector in years to come!

Against this optimistic economic backdrop, I am glad to welcome both continuing and prospective students, who have made the correct choice of choosing the PGDM(FM) program, which is a core finance program which aims at enabling students with the right content, attitude and skills to man and deliver performance across different profiles within the BFSI (Banking, Financial Services (i.e. investment banking, NBFC, broking, rating agencies, stock exchanges), Insurance and AMC sectors.

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