India: A Bird of Gold Flying High | Open Dialogue | Episode 2 - Pt. 2

This Episode: Presenting the second part of the video on India, in which the focus is on the various facets of economic growth in the country. Watch the eminent speakers talk about India as the growth engine, the growing middle class, rising aspirations and affluence, income pyramid of the country, shifts in savings & spending, and how these are driving economic growth for the country thereby placing India at an inflection point in the global socioeconomic order. The Speakers: Sameer Shetty - Head Digital Business & Transformation, Axis Bank discuss with Neelkanth Mishra - Chief Economist, Axis Bank & Head of Global Research, Axis Capital and Rajiv Anand - Deputy Managing Director, Axis Bank Open Dialogue: The aim of Open Dialogue by Axis Bank is to bring to the fore nuances and insightful discussions on macroeconomics and market-oriented subjects. Playlists: 1. The Indian economy – present and future https://www.youtube.com/playlist?list=PLumGv5ckAx3CsfW-Sg8tE1PNtSMD7gcYj 2. Economics of a global recession https://www.youtube.com/playlist?list=PLumGv5ckAx3DrsXrBL2uhjja2a28L9bM- 3. Money - The why, what & how https://www.youtube.com/playlist?list=PLumGv5ckAx3DOnL9ahYX6xdD1zD6DaSfG Chapters: 0:00 – Panel Introduction 2:31 - Evolution of the Indian workforce - Opportunities, struggles and future optimisms 6:29 – Last 10 years - Significant change in consumption pattern and the factors responsible 8:11 – The rise of the Indian middle class 9:04 – India getting digitally empowered. Accessibility at fingertips. 9:31 – The rise of the Indian domestic payment system 14:11 - Balance sheet of Indian consumer today – increase in retail debt appetite 17:50 – Opportunities in the Indian credit (lending) market 22:50 - Drop in fertility rates and its impact on the economy 25:51 – The rise in alternative investable asset classes as India shifts from traditional saving forms 29:21 – Indians now significant in the global services value chain – thanks to Tele - connectivity 32:22 – 'Don’t go by tax returns only' – Neelkanth Mishra - to evaluate the increasing spending power of Indians 35:45 – The four party model in credit cards and the power of interoperable ready credit 40:44 – The 'K shaped' post Covid recovery for India and the future 45:00 – Conclusions from speakers #ThoughtLeadership #OpenDialogue #AxisBank #Macroeconomics #India #GDP #Economy #balancesheet Copyright: ©Axis Bank Limited [2023]. All rights reserved. This video and all other videos in this channel are protected by copyright law and may not be used or reproduced without the express written permission of the copyright owner. STATUTORY DISCLAIMER: By accessing this video podcast “Podcast”, I acknowledge that Axis Bank Limited and its subsidiaries ("AXIS BANK") makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, AXIS BANK does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. Moreover, AXIS BANK makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties. AXIS BANK EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST