In the making for over a decade, India’s only international financial centre, GIFT City, now seems to be taking shape with focussed policies and regulatory clarity. There’s growing interest from investors and more confidence on the ground but a few more policy tweaks may be needed
Uday Kotak, the Kotak Mahindra Bank founder, voiced for corporates to shift away from banks as part of helping India achieve dreams of 9% annual growth and becoming a $30 trillion GDP by 2047. Highlighting the shift from savers to investors, he emphasised challenges in banking, urging large corporates to shift to capital markets. He warned against Japan s economic history and stresses policies to avoid market bubbles. Kotak s focus lies in transforming banks into debt distributors and maintaining a balanced financial sector view to ensure stability.
Zicuro Technologies commences global expansion Eyes USD 5 mn revenue by 2025 tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
The former RBI deputy governor said that the growth of the Big-5, supported by a 'new India' policy of creating 'national champions', appears to be keeping prices at a high level. However, some experts disagree.
Industrial concentration by these top private players has allowed them to charge much higher product prices than their competitors, the former deputy RBI governor said.