More Investor-friendly Policies Needed to Overcome Slowdown: Abhilash S Nair
Kochi: "The Union Government has to take more investor-friendly policy measures to overcome the slowdown in the country's investment climate," remarked Dr. Abhilash S Nair, Chairperson, IIM, Kochi Campus, while delivering the keynote address at the Union Budget Analysis 2018-2019 titled ‘Critical Way Ahead for Indian Economy’, organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) Kerala State Council here the other day.
This situation must be tackled by promoting more public investment and creating more conducive atmosphere for small and medium enterprises to flourish. The revival of the economy would become all the more difficult, depending on how deep the slowdown in the country's investment climate has affected. There are some positive suggestions in the budget which will help attract investment, he said.
Dr. V K Vijayakumar, Investment Strategist, Geojit Financial Services, in his special address said, "the growth in the share market is one of the key indicators of economic growth of the country.” He pointed out that the increase in the share price of each company would create ripple effect in the overall financial transactions, thereby promoting overall development of the economy.
The Budget Analysis Session was organised by FICCI along with ASA and Associates LLP and World Trade Center, Kochi with the support of Central Bank of India and Geojit Financial Services Limited. D N Rajendra Kumar, Senior Regional Manager, Central Bank of India and K Nithyananda Kammath FCA, Partner, ASA and Associates LLP analysed the budget.
Savio Mathew, Head, FICCI Kerala State Council; Rajesh Agarwal, President Indian Chamber of Commerce and Industry; G Karthikeyan, Vice President, Kerala Merchants Chamber of Commerce; K K Pillai, President, Cochin Special Economic Zone Industries Association and Vivek Mathai George, Coordinator, World Trade Center, Kochi also spoke on the occasion.