‘Finance sector doing good’

Chennai : The concluding day of the IFMR GSB Research Symposium on Finance and Economics (RSFE) 2022, saw lectures on opportunities and risks in Decentralized Finance, elaboration of improvement of girls’ education through experimental and non- experimental evidence and exploring the outperformance of the Indian financial sector in a world still reeling from the effects of the pandemic. A press release said that the day had three keynote lectures, three technical sessions and twenty-six paper presentations from academics spanning forty-one universities across eleven countries.

During her keynote address at RSFE 2022, Ashima Goyal, Member of Monetary Policy Committee, Reserve Bank of India and Emeritus Professor at IGIDR, India said that India has been going through a very tough time and there were all kinds of preconceptions and predictions that the Indian financial sector is fragile, cannot recover without major reforms, there exists a trust deficit, PSBs are the problem and privatization is the only answer, but the financial sector has really surprised everyone by outperforming during this period. “India has the largest share of youth and combined with technology, innovation and inherent resilience there is great opportunity to kick-off a virtuous growth cycle, with inclusion largely
from empowerment” she added.