KSOM Organizes 10th National Finance Conclave on the theme-Getting To $5 Trillion: Navigating the Financial Landscape
KIIT School of Management, KIIT DU organized its 10th National Finance Conclave at Auditorium, Campus-7 on 19th October, 2019. The theme of this year’s conclave was – “Getting to $5 Trillion: Navigating the Financial Landscape”.
Prof. S.N. Mishra, Dean, KSOM set the context of the conclave. He said that this topic is extremely pertinent in the current economic scenario. He was of the view that these are interesting times for the Indian economy and even though there has been a change in political dispensation, there is a continuation on the commitment to free market. Prof. Hrushikesha Mohanty, Vice Chancellor, KIIT DU welcomed all the guests and hoped that the discussions throughout the day would give an insight into achieving the $5 trillion target.
Prof. Sudipto Mundle, Distinguished Fellow, NCAER and Keynote Speaker of the conclave was of the view that the 2019-20 budget should be reviewed and revised in order to achieve a windfall for the economy. Changes like the recent revision of corporate tax rates would help in achieving a strong positive impact on growth in the medium to long term.
This edition of conclave had two panel discussions, followed by Finatix: Innovative group coaching sessions by eminent finance experts.
The first panel discussion was on the topic – “Reviving the Animal Spirit: Charting a Course for Growth”. The panel comprised of Ms. Mythili Bhusnurmath, Economist; Mr Rahul Bajoria, Chief Economist, Barclay’s Investment Bank; Mr. SaugataBhattacharya, Chief Economist, Axis Bank; Mr. Piyush Garg, EVP & CIO, ICICI Securities and Mr. Pramod Kasat, Ex. Indusind Bank,Investment Banking, The panel started discussing about the slowdown of the Indian economy and the various factors affecting it. Although the panel agreed about the limitations of fiscal space, it was felt that fiscal and monetary policy at best addresses the cyclical causes of the slowdown but the structural causes would require a more nuanced policy response from the Government.
The second panel discussion was on the topic – “Known Terrain yet Uncertain Path: Challenges in Financing the Growth”. The panel comprised of Ms. Madhavi Arora, Lead Economist, Edelweiss Securities; Mr. Amit Tripathi, CIO, Fixed Income, Nippon India Mutual Fund; Prof. Arun Kumar, Chair Professor, Institute of Social Science; Mr. Sandeep Bagla, Associate Director, Trust Capital and Mr. R. Kannan, Head, CPM, Hinduja Group.The panel deliberated on the challenges to finance the growth. The discussions underlined the financial sector problems pertaining to NPAs, NBFC crisis and the resulting slowdown in credit off take. The panel concluded that there is a tremendous scope to attract foreign savings to supplement the domestic savings that can lead to increased investment in the economy, especially in the infrastructure sector to feed the growth.
The conclave was one of the three national level conventions which are annually organized by KIIT School of Management in the areas of HR, Marketing and Finance. This year’s Finance conclave provided students the platform to interact with the business leaders for holistic learning. All the guests were delighted with the overall structure and takeaways of the conclave.