The flagship annual Barclays India Forum, now in its sixth year, brought together clients to hear from a mix of renowned economic strategists, practitioners and policy makers.
While India remains the world’s fastest growing major economy, questions remain on the measures needed to keep the economy on is current growth trajectory.
India will continue to be an attractive market for global strategic and financial investors – there is a lot of capital flowing into India. We will also see Indian corporates accessing capital and loan markets overseas, and that will continue to be the theme in 2020.Pramod Kumar, Head of Banking for India, Barclays
Hosted by Pramod Kumar, Head of Banking for India, the Forum brought together four experts on the economy and related policy for a lively debate: Economic Times journalist, Swaminathan Aiyar; Associate Professor of Finance at the SP Jain Institute of Management Research, Anant Narayan; MD of Kotak Mahindra Asset Management Co Ltd, Nilesh Shah; and Managing Partner of Shardul Amarchand Mangaldas, Pallavi Shroff, to discuss and debate the opportunities and challenges that lie ahead.
Commenting on India’s 7% GDP growth rate, Aiyar noted, “India is such a large country that trade between two states may be producing the same gains of trade that a small country may only get from international trade. So by expanding our internal market, we have created a thousand internal opportunities.”
At the same time, Narayan observed, “The biggest opportunity is probably going to be Foreign Direct Investment: 58 billion dollars’ trade deficit with China, we export iron ore, cotton and aluminum and we get back all manner of manufactured products, so both Make for India and Make in India have to be huge opportunities for us.”
Kapil Dev, former India Cricket Captain, also joined our clients at the Forum for a fireside chat, where he shared his views on succeeding under pressure, and building a winning team.
Jaideep Khanna, Head of Barclays for Asia Pacific, delivered the closing address for the event, noting that global investors remain hopeful and optimistic on the India story. He said, “Current conditions are presenting our India franchise unprecedented opportunities to bring to bear our knowledge and skills in service of our Indian clients. Barclays continues to play its part in the India story and we consider it our privilege to have the opportunity to support all of your business goals here in India and globally."
Distinguished public figures gathered in Singapore on 31st October for the 13th annual Barclays Asia Forum. This year’s Forum provided a timely opportunity to take a closer look at where our world is heading next.
Vanessa Koo, Head of Banking, Asia Pacific highlights APAC’s debt capital markets and equity capital markets, while offering her views on the growing momentum of ESG in the region.