From the Chairman’s desk
From the Chairman’s desk

As the interim Budget is being released on 1st February, Hon’ble President Smt. Draupadi Murmu addressed (link) the joint session of the Parliament in the new building. She highlighted the Government’s achievements in the past ten years. She mentioned that the Government has brought down inflation from double digits to 4% with a stable economy.

Recently, Ram Janmbhoomi Mandir was inaugurated by PM Modi, which met the long-standing demand of millions of Indians. It is likely to emerge as the Vatican for Hindus globally, giving a huge boost to tourism and local economy.

Pre-Budget, the Department of Economic Affairs released the report titled ‘The Indian Economy: A Review’. The report said that India will grow at a growth rate of 7%. It also forecasts that India would become a $7 trillion economy by 2030.  India is in a better position economically due to the Government’s huge spending on infrastructure, a healthy financial sector, strong household financial health, comfortable forex reserves, a lower fiscal deficit and inflation under control.

The International Monetary Fund (IMF) has announced in World Economic Outlook that India will grow faster - 6.7% - than projected earlier. It included reference to inherent economic drivers such as a strong domestic demand despite global headwinds and slowdown in global supply chains.

On the competition side, CCI, among other M&As, approved the subscription of PharmEasy by ventures of Goldman Sachs India & Temasek & CDPQ. CCI is finalizing regulations for the 2023 amendments in Competition Law, having concluded public consultations. COMPAD held a virtual Townhall on 29th Jan. on UK’s Digital Laws.

This is globally recognized as India’s moment, stay tuned with us for further 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

COMPETITION LAW TOWNHALL - 13 SEPTEMBER