World Economic Forum praised India fiercely
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World Economic Forum: Many countries of the world are facing problems due to their slowing economy. On the other hand, India’s neighboring countries Pakistan and China are facing the brunt of inflation. In such a situation, the Indian economy is progressing rapidly. Now it is praised by the World Economic Form (WEF) has also praised India a lot. Matthew Blake, head of WEF’s Center for Financial and Monetary Systems, said policy changes such as bankruptcy laws and taxation codes and digital public infrastructure (DIP)dpi) has made India an attractive investment destination for the financial technology sector. He said that India is one of the best performing markets in the world and investors have made money here.
Need to educate investors
Matthew Blake of the World Economic Forum said markets do not always move in one direction, and there is always the potential for volatility, so investors need to be educated. He said that due to various policy options, India has become a very attractive investment destination. Apart from the digital public infrastructure that creates an enabling environment from a technical perspective, you also have the insolvency laws and taxation codes. He said that the Fintech CEO survey of WEF and Cambridge Center for Alternative Finance showed that 70 percent of the companies consider AI as a major strength. He told regional regulators that AI can be helpful in terms of risk management and they need to adapt to the rapid changes in technology.
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Morgan Stanley also praised
Morgan Stanley had also estimated India’s GDP to be more than eight percent last week. After a decade of continuous decline in investment relative to GDP, capital expenditure has now emerged as the key driver of growth in India, he said in a report ‘The Viewpoint: India – Why This Feels Like 2003-07’. According to the report, we feel there is enough scope for a capital expenditure cycle and hence the current uptick is similar to that of 2003-07. Economists at Morgan Stanley said that the current boom is due to increase in investment compared to consumption. Initially this was supported by public capital expenditure, but private capital expenditure is also increasing. Similarly, consumption was first supported by urban consumers and later rural demand also increased. ,with language input,
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