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Global Developments and the Indian Economy

The risks in the global economy have intensified, to a large extent due the un-coordinated normalization of monetary policies in major G-20 countries. These can have adverse impacts on financial markets of emerging economies like India, through outflow of foreign exchange and upward pressure on domestic interest rates.

These were some of the issues highlighted by Dr. N.R. Bhanumurthy, Professor, National Institute of Public Finance and Policy (NIPFP) while addressing an invited audience at New Delhi on May 26, 2015. He was speaking in PetroFed’s continuing series of Guest Lecures and Thought Leadership Programmes on issues of ‘Global Developments and the Indian Economy’.

The emerging markets, Dr. Bhanumurthy said are already staring at a low economic growth and high stress in the banking sector and need to have policies that can withstand anticipated risks through building foreign exchange reserves and prudent domestic macroeconomic and financial policies.

Dr. Bhanumurthy holds a PHD in International Finance and his research areas are development economics, macro-monetary economics, international money and finance and macro economic modelling.

The lecture was well received by the select audience and generated intense floor participation.

Dr. N. R. Bhanumurthy, Professor, National Institute of Public Finance and Policy (L) being greeted by Mr. S.L. Das, Director (BD&C), PetroFed (R ) with a bouquet of flowers.

Dr. N.R. Bhanumurthy delivering his lecture.

Mr. Nirmal Singh, former Secretary, Govt. of India sharing his view point. Others (L-R): Mr. V. S. Jain, former Chairman, SAIL and Mr. B. D. Gupta, former President, JM Morgan Stanley Ltd. & Director (Finance), IndianOil.

Lecture in progress.

Mr. S.L. Das presenting a memento to Dr. N.R. Bhanumurthy.