JIMS organised a Panel Discussion on ‘BUDGET Analysis - 2022’ on 3rd February 2022 for their PGDM, PGDM-IB & PGDM-RM students in the online mode. The panel comprised of prominent panellists from the industry as well as academia. The experts from the industry included Mr Mithilesh Kumar (Secretary, PHDCCI) and Mr Shobhit Agrawal (Director at Abhaylife wealth management and a CFP). Dr. Vinod Kumar (Professor at JIMS Rohini) served as the moderator as well as other key panelist for the discussion. Dr. Pratima Daipuria (Dean, PGDM program of JIMS Rohini) initiated the event by welcoming the panelists and sharing her thoughts about the budget.
Dr. Vinod shared his insights calling the budget 2022 very growth oriented. He said the path has been laid down for next 10 years. Mr Mithilesh defined the annual budget as the annual financial statements of an economy. He said 2022 budget was very prudent and forward looking and the increase in Capital expenditure will surely be a big boost in India becoming a $5 Trillion economy. Developing Infrastructure in every sector is the road ahead and PLI scheme can be extended to few other sectors as well which have yet not been included.
Mr Shobhit also appreciated the 2022 budget. He said he is looking forward to SENSEX reaching around 100000 Points in next 2-3 Years. He said he is happy now more and more people are investing in stock market. He said the goal is that atleast 20-25% of Indian Population investing in stocks. He said the surcharges limited to 15% is shining point in budget which earlier was extended till 35%. He was of the opinion that Digital currency may affect banking services or lead to reduction in their customers.
Mr Mithilesh shared that 8000+ startups have been registered in India since Pandemic started which shows India is on the right path. He said these fine ideas needs to be nurtured into the right direction. He said that government should look forward to reducing current account. Mr Shobhit agreed with him and said government should try to create more job opportunities and increase in hand salaries for employees as inflation is on the rise.
Overall it was a very health discussion and later students also raised their doubts and interacted with the panellist.