Synopsis
The 2nd Annual Conference on Macroeconomics, Banking & Finance, organized by IIM Kozhikode and NSE, focused on how finance can foster growth amid creative disruptions. Key discussions included financial stability and innovative strategies for emerging markets.Key Takeaways
- Finance's role in driving economic growth.
- Strategies for emerging markets to navigate financial challenges.
- Importance of innovation and adaptability in finance.
- Collaboration between education, business, and finance.
- Need for macro-financial stability amidst disruptions.
Mumbai, Feb 21 (NationPress) The National Stock Exchange of India (NSE) and IIM Kozhikode convened the 2nd Annual Conference on Macroeconomics, Banking & Finance on Friday, themed "Finance for Growth Amid Creative Disruptions".
Held at the NSE Corporate Office, the event featured notable attendees including Reserve Bank of India Deputy Governor M. Rajeshwar Rao, NSE's Chief Business Officer Sriram Krishnan, IIM Kozhikode Director Debashis Chatterjee, and head of Uruppika Mridul Saggar. The conference included dynamic panel discussions with distinguished speakers from various sectors, focusing on how finance can stimulate growth during periods of creative disruption, as stated by NSE.
Moreover, the discussions addressed how emerging market economies can withstand financial shocks and utilize innovative financial approaches to ensure stability and promote growth despite creative disruptions.
The conference concluded with a valedictory session featuring a compelling fireside chat between former RBI Governor Duvvuri Subbarao and Smt. Ira Dugal, Editor of India Financial News at Reuters, reflecting on macro-financial stability amidst changing global challenges.
Krishnan expressed: “We are honored to host the 2nd Annual Conference on Macroeconomics, Banking & Finance in partnership with IIM Kozhikode, gathering top experts to examine the evolving role of finance in fostering economic growth. The exchange, in conjunction with the banking sector, plays a vital role in capital formation, allowing businesses to secure long-term funding and sustain growth trajectories. As global financial dynamics evolve, nurturing innovation and adaptability is essential for achieving sustainable and inclusive growth. This conference serves as a premier platform for thought leadership, exploring how financial markets, technological advancements, and regulatory frameworks can synergistically drive economic progress. Through engaging discussions on creative disruptions and transformative strategies, we seek to inspire solutions that empower industries and shape the future of finance.”
Prof Chatterjee stated: “In the evolving finance landscape, two critical questions arise: Are businesses innovating fast enough to thrive amid these creative disruptions? And can finance be democratized to enhance financial accessibility and shared prosperity, considering job transformations? Collaboration between education, business, and finance is essential to tackle these challenges.”
Prof Saggar remarked: “We are facing numerous significant disruptions. AI has the potential to boost productivity growth. Climate finance can create green jobs and improve our planet's livability. Institutional finance is being transformed by rapid electronic markets, which may eventually transition into last-mile differentiated finance, supported by generative AI. Finance must adapt to deliver effectively while maintaining a strong focus on macro-financial stability.”
