United Way Chennai’s annual flagship fundraising event, Markets & Economy 2020 was held on 9th Feb 2020.
Speaking on the theme, “Is the market view in divergence with the real economy?”, Dr. T.V Somanathan, Secretary (Expenditure), Ministry of Finance, Government of India delivered the keynote address. He highlighted that concentrating on domestic investment and consumption would be the key to reviving the Indian Economy in the coming years, especially considering the international events like Trade War between US & China, uncertainty due to Brexit, the slowdown in the auto sector, etc.
This was followed by two panel discussions with eminent speakers like R. Seshasayee, Anantha Nageswaran among other fund managers in the country. Throwing the field wide open, Mr. Seshasayee initiated the discussion on the consequences of increasing import duties and focusing on domestic investment.
On popular demand, a second panel discussion was also organized to touch upon the market situation and investment aspects for individuals and businesses. Mr. Rakesh Singh, Group Head, HDFC led the discussion and was joined by eminent fund managers from leading AMCs and wealth management companies. The panelists included Ms. Lakshmi Iyer, CIO – Debt & Head – Products, Kotak AMC, Mr. Anish Tawakley, Fund Manager and Head of Research, ICICI Prudential AMC, Mr. Amit Ganatra, Fund Manager, Invesco, and Mr. Chirag Setalvad, Sr. Fund Manager, HDFC AMC.
This event is also United Way Chennai’s annual fundraising event and funds raised this year will be invested in 4 mega development initiatives in Tamil Nadu – building accessible schools for children with disabilities, setting up rainwater harvesting in 100+ Govt. schools across Tamil Nadu, early education at Anganwadi centers, rejuvenating water bodies such as lakes and ponds and creating a minimum of 100 acres of urban forestry in Chennai.
Click here to read more about the event.