Plenty of headwinds in way of $5 tn GDP goal. Will govt act quickly enough?

While the rain did its best to derail the plans, the Mint Roundtable, part of the sixth edition of Mint Mutual Fund Conclave held in Mumbai on 26 July, on the state of the economy saw a full house. We were debating the key issues that face the economy with thought leaders in the financial sector and Bibek Debroy, chairman of the Prime Minister’s Economic Advisory Council. It was like a Delhi meets Mumbai kind of an evening. Constrained by Chatham House rules, the finer details of the discussion are not being put in the public domain, but here are the broad areas of discussion.

Round Table highlights


Opinion: Govt needs to spell out the new rules of the game for industry, economy

It looked as if the rain would derail the annual Mint Mutual Fund Conclave in Mumbai where every year we debate issues related to the industry and investors. This year since we had the chairman of the Prime Minister’s Economic Advisory Council, Bibek Debroy, giving the keynote, we decided to have a closed-door roundtable where he would interact with some financial sector leaders to have a candid conversation about issues like the real GDP numbers, the budget, the slowdown that industry says is palpable and the changed rulebook of this government. There is worry among employees, investors and the industry on the slowdown in the economy. Wealth managers peg their advice and asset management decisions on potential growth, and if this number is in doubt, the ground moves from under the feet. But as the rain did not keep away the financial sector leaders or the delegates, there was an animated debate. Here are a few takeaways from the conversation and the event.

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