Niveshak Sixth Anniversary Edition (August 2014)
Wednesday, August 27, 2014 , Posted by Team Niveshak at Wednesday, August 27, 2014
Dear Niveshaks,
With this issue, dear readers, Niveshak
completes six glorious years of its existence. Niveshak is scaling new heights
by introducing a new section every year and this couldn’t have been possible
without the constant support and encouragement shown by our esteemed readers.
This year, Niveshak has seen several changes with the introduction of new
sections such as Finview and Finpact. Monthly updates on Niveshak Investment
Fund (NIF) has become a hallmark of the magazine. Your constant feedback is our
source of motivation.
Ten years of uneasy calm at Ashoka Road
headquarters of BJP has ended as firecrackers burst on May 16, 2014. “Ache din
aane wale hai” has been the voice of the country and as expected it was Modi’s
government at the centre. With the great hope comes the great responsibility
and with this change in government, there are lot of expectations in the new
making of India. With the India’s economic reform and liberalization programme
running out of steam and growth lingering around 4%, the new prime minister
faces an uphill task to turn his manifesto points to effective national
policies. Taking a cue from this, at Niveshak, we believe that there has been
in shift in the gears of economic progress. And that is why we would like to
present you with the “Gears of Indian Growth Engine” as the theme of
this anniversary issue.
As you flip through the pages, you can
find a rich mix of ideas and opinions by the industry experts and also by the
future managers. Both have expressed their critical views on the main drivers
of the economy in boosting the Indian economy. One common idea you find is the
constant encouragement and optimism in the policies shown with regards to the
future of the country. There is a sudden upsurge in stock markets immediately
after the formation of the new government and the markets still continue to
record new highs. With the fiscal deficit reaching 56.1% of its projected
target in the first quarter itself of the financial year, the claim to contain
the fiscal deficit at 4.1% of the GDP may sound too utopian but with the
plethora of comprehensive efforts laid down that shall pick up in the months to
follow, Indians are buoyant and cheering. We expect a balance between the dual objectives
of disinflation, which if proceeds
as warranted, we can expect interest rate cuts and revival of growth, which is projected at 5.4% in the current fiscal
year.
As a precursor to this anniversary, we
organized a series of events under the aegis of ‘Celebratio- Celebrating 6
glorious years of Niveshak’. We received enthusiastic participation in all the
3 rounds which were conducted in the last week of July. More than 100 articles
were received from top B-schools of India for this anniversary edition of
Niveshak. We would take the opportunity to express our heartfelt gratitude for
the huge response to our initiatives. As, we warm up for yet another year of
learning and exploring the world of finance, may we have the pleasure to have
you on board. We expect that you will keep bestowing your support,
encouragement and contribution to your much cherished Niveshak. Together, we
will scale new heights and take Niveshak to a whole new level!
