Financing India’s Development:
With over 1.1 billion people, diverse regions, and a vibrant democracy, India has been making progress on a scale, size and pace that is unprecedented in its own history. It grew at an average rate of 6% during the 1980s when the wave of liberalization was yet to impact India’s social and economic institutions. In 1991, came the first generation of economic reforms, which put India on the path of sustainable growth of 8% during the same decade. After 16 years since these first generation reforms were initiated, India finds itself on the path of joining the ranks among the developed nations of the world. However, there are still challenges which will need to be dealt with promptly and effectively. Finance could prove to be the cornerstone for resolving these issues.
It is with this objective that the students of Goa Institute of Management plan to organize Samriddhi, a Finance Conference, which aims to explore new ways and opportunities to meet these developmental challenges effectively. It is an effort wherein customers, private and public sectors banks, other financial institutions, government regulatory bodies, large corporate houses and other key decision makers in the financial sphere can assemble under a single roof, isolate problems that plague this sector and, more importantly, identify opportunities and solutions to resolve them.
Samriddhi will focus on adopting a solution-based approach to issues like infrastructure financing and the need to make public institutions more receptive to its demands, rural development through the provision of microcredit, the trend towards global integration of financial markets and how it can be leveraged for India’s economic development, current issues in raising corporate funding with special emphasis on retail and the future of retail banking in India. The conference would be packed with content and solutions, with leaders from various spheres of finance providing their insights to take the Indian economy to glorious heights.
