I4I Event: Panel Discussion on financing development in India
- 14 August, 2019
‘Ideas for India’ is hosting a panel discussion on Monday, September 9, 2019 at Desire Hall, Le Méridien Hotel, New Delhi at 6:30pm.
One of the key challenges facing the growth process in India is to find an effective way to finance investment. Banks, especially the public sector banks, are stressed and so are the non-banking financial companies (NBFCs). Due to rural distress, farmers have been demanding loan waivers or other direct transfers. Government is constrained in significantly raising the revenue. The corporate bond market is yet to be fully developed. Public-private partnerships undertaken for infrastructural development have added to the stress of public sector banks due to stalled projects. What is the way forward for the financial sector? Is ‘external borrowing’ as envisaged in the Finance Minister’s budget speech an option?
To stimulate thought on these important questions, ‘Ideas for India’ is hosting a panel discussion on Monday, September 9, 2019 at Desire Hall, Le Méridien Hotel, New Delhi at 6:30pm. The discussion will be moderated by Pronab Sen (IGC India). Panellists include Prachi Mishra, Managing Director for Global Macro Research, Goldman Sachs; Andy Mukherjee, Opinion Columnist, Bloomberg; Ananth Narayan, Associate Professor, SP Jain Institute of Management and Research. The event will also feature reflections from Minouche Shafik, Director, London School of Economics.