Views

CLSA’s award-winning analysts provide global investors independent views on companies, countries and sectors.

Investor Forums

CLSA’s renowned Investor Forums are  for their content, corporate access and investor insights.

As a platform for knowledge exchange, CLSA Forums examine the economic, political, financial, environmental and technological trends impacting global markets today.

The 21th CLSA India Forum will be held from 14 to 16 November 2018 at The Oberoi in Gurgaon, New Delhi.

This year, CLSA will host a number of prominent speakers, including Praveen Chakravarty from the Indian National Congress; Sanjeev Sanyal, adviser to the Ministry of Finance; Piyush Goyal, the Minister of Railways and Coal; Andreas Bauer, IMF Senior Resident Representative and Rakesh Valecha, Senior Director of India Ratings and Research.

As 2019 approaches, the political chatter emanating from inside India will increase as the country heads towards its next general election. Notwithstanding the political outcome, it’s a fact that the economy has gone through a painful process of systemic cleansing and is now on a much firmer footing. A new bankruptcy law has helped clean up the banking sector, and the worst seems to be behind us; while the GST shows signs of stabilisation, a potential tightening of compliance would also help address fiscal issues.

Housing recovery is in its early stages and gathering momentum, and this multiyear investment theme is based on the confluence of fundamental, regulatory and social factors. This recovery – combined with the banking sector clean-up – will likely be the pillar that supports the next capex cycle.

While rising oil is a key global macro risk, local uncertainties come in the form of fiscal-deficit worries, driven by tax shortfalls and a worsening inflation outlook that are linked to the local political cycle. The political uncertainties will, however, be temporary and won’t last beyond May 2019, suggesting a potential turning point for investor sentiment.

For more information on the 21^st India Forum, please contact forum@clsa.com

Follow the CLSA’s Forums at @CLSAInsights and on LinkedIn.

CLSA TV

A selection of video and media coverage from CLSA.