Decades of Financial Folly: Will it be different this time?
India has seen many ups and downs in the financial market. This time with the change of government at the center with complete majority and hence stability, the market has witnessed a sustained euphoria. The Nifty is up some 30% over the last year. Investor’s confidence in the Indian market is on the rise. The IPO market is picking up. PE and VC are showing new appetite for e-commerce industry. Government has opened some of the critical sectors like insurance and defense for FDIs. Much needed labour and tax reforms are on the cards. Government is pitching for the “Make in India” campaign. It promises to boost India’s manufacturing sector and likely to provide more growth and generate employment. All this allude to renewed interest in India’s growth story. Many are optimistic with forecasts like the “mother of all bull runs” and “Sensex at 60000 in four years”. But there have been similar booms in the past which have ended with a bust.
Arth-Samvaad is the flagship event organized by Finomina – the Finance Club of IIM Udaipur. This year we look at rethinking “Decades of Financial Folly” where the Panel discussion will try to unravel the cause for this euphoria and discuss whether history will repeat itself again or not!
IIM Udaipur has been able to put in place, along with the traditional and necessary disciplines, subjects and issues that are most relevant to the current times that will help shape future trends. It is imperative that future managers get to know of the current trends in the industry and how the various macro and micro-economic factors interact to affect the way business is done all over the world. Arth-Samvaad is a platform to deliberate on developments in the world of finance.