Last few weeks had been very eventful. After an unprecedented victory for BJP in three important state elections, Rajasthan, Madhya Pradesh and Chhatisgarh, Prime Minister Modi has topped the list of most popular global leaders in the world, with 76% approval rating, according to US-based consulting firm Morning Consult. India’s GDP grew at the rate of 7.6% during the last quarter, surprising everybody and was far higher than corresponding growth in all major countries, several of whom have been witnessing negative rate of growth.
Earlier, India was included in JP Morgan chase’s ‘Government Bond Index – Emerging markets’ from June 2024. It can enable further intermeshing of local prices, interest rates and job opportunities with global economic developments and geopolitical shifts. It would also make more capital available to India and push up capital formation and growth. It would also bring local development into global focus, and help in greater FDI inflows.
India’s foreign exchange reserves are at all time high at USD604.04 billion. Similarly, India’s stock market valuation crossed USD 4 trillion for the first time. PM Modi has exhorted, ‘this is an unprecedented time for India, for Indian companies, for Indian and global investors…very soon India will be among the first three in the world.’
Last month, COMPAD had organized a Townhall on SEBI’s ESG Norms and BRSR Core with Mr. Ajay Tyagi, Former Chairman, SEBI as the Keynote Speaker with great success (Media report). This month a Competition Law Townhall was held on 7th December with Khaitan & Co on ‘Digital Competition Law’ with a huge success (Media report).
This is India’s moment, please stay tuned for more updates.
Honored to call on Hon’ble President of India at Rashtrapati Bhavan
Honored to call on Hon’ble Finance Minister, Govt. of India
Honored to call on Sr. Minister (now Hon'ble President) Singapore, Mr. Tharman Shanmugaratnam