FICCI CAPAM 2019, 16th Annual Capital Market Conference
FICCI has concluded its 16th Annual Capital Market Conference on 26th September in Mumbai. This year’s topic was “Building a $5 trillion economy: The Role of Capital Market”.
The one-day conference featured panel discussions on a range of topics related to a virtuous cycle of investment, growth in the mutual fund industry to revitalising Corporate Bonds, InvITs and REITs. The conference was attended by SEBI Chairman, CEOs, CFOs, representatives of government and Capital Market sector.
Brickwork Ratings, India’s third largest credit rating agency was the “Knowledge Partner” at the conference and launched the FICCI BWR Capital Market Investor Sentiment Index. The index was based on a survey conducted with over 1900 market participants. The sentiment indicated that after the recent reform announcements of the government to lift up the growth in the economy had a positive impact and the index was in the ‘turning positive’ phase. Rajat Bahl, Chief Analytical Oﬃcer, BrickworkRatings said, “The market participants seem to have given thumbs up to the recent measures announced to uplift the investment sentiments. However, the demand side issues also need to be worked out to ensure a complete revival". During the conference, the audience poll indicated optimism in the economy, which echoed the survey results.
Mr. Vivek Kulkarni, Founder & Managing Director, Brickwork Ratings, said during a panel discussion on “Kick-starting the virtuous cycle of investment” that there is an urgent need to improve infrastructure at the municipal level. For this, the country requires to develop a vibrant municipal bond market. The other panellists were Mr Himanshu Kaji, Co-chair, FICCI National Committee on Capital Markets and Executive Director & Group COO, Edelweiss Financial Services Limited, Mr Ravi Kapoor, Managing Director & Head Corporate & Investment Banking, India, Citi and Mr A.Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life Asset Management Company Limited.