Infomerics Ratings, which is a leading SEBI/RBI approved credit rating Agency in the country, organised a wide-ranging discussion on India@75 - way forward on May 25, 2022 at Hotel Taj Bengal, Kolkata to get the pulse of industry leaders. The round table extensive discussion was led by Padmashri Shri Harsh Vardhan Neotia, who is the doyen of the industry in India. Top executives of Informerics Ratings, Shri Suraj Pratap Malik, Whole Time Director, Shri B.K BAJAJ, Chief Executive Officer, Shri Amod Khanorkar, Chief Risk Officer and Dr. Manoranjan Sharma, Chief Economist participated in this discussion with Shri Neotia. During the course of the discussions, Shri Neotia stressed that the worst is behind us post the COVID 19 pandemic and India is once again on a high growth trajectory. However, he highlighted heightened geopolitical problem post the Russia-Ukraine war, the high fuel prices which led to increased logistics cost and interest cost. The emergence of newer variant of the pandemic snd now monkeypox is also throwing challenges which are being controlled.
Shri Neotia made a strong case for broadening the process and accelerating economic development and making it more equitable. He also cogently argued to accelerate the process of ease and cost of doing business by structural transformation while addressing the concerns of health, education and employment.
In response to a query from the audience about whether it is the right time to buy property, Shri Neotia stressed that in the light of the fact that real estate prices were flat for about five years now, pent-up demand and a sharp rise in input prices, he did not see any chance of real estate prices coming down in the near future.
Subsequently in the overarching context of India’s development, Dr. Manoranjan Sharma highlighted important concerns, issues and the way forward.
The programme evoked an excellent response from the enlightened audience, which included captains of the industry, senior bankers, press and the media world.