05 April 2024 – At CNBC-TV18’s India Exchange event in Mumbai on Thursday, April 4, business titans and financial specialists convened to provide their perspectives on the country’s economic expansion and investment environment. The panel, which included Manish Kejriwal, founder and managing partner of Kedara Capital, IDFC FIRST Bank MD and CEO V.
Vaidyanathan, and strategic financial adviser Keki Mistry, discussed a range of topics, including India’s economic outlook, investment opportunities, and the crucial role that policymaking plays in promoting sustainable growth.
In response, Mistry voiced unflinching confidence about India’s economic prospects and predicted strong growth for the next ten years. “India’s growth that we will see in the coming decade will be a lot faster, a lot bigger, a lot more serious than what we’ve seen over the last 10 years,” he said.
Conclusion
Vaidyanathan concurred and provided insight into India’s current financialization and formalization movement, which has further accelerated the introduction of GST and digitization. He underlined the banking industry’s resiliency in India, pointing out that the sector’s profitability is now at an all-time high. Vaidyanathan said, “The banking system’s profit after tax today is the highest in its history,” highlighting the industry’s resilience in the face of shifting economic circumstances.
