As 2022 entered, it looked like India had successfully overcome the immediate challenges of Covid-19. But its economy, which seemed ready to begin the healing process, was hit by another shock – Russia’s invasion of Ukraine in February. This led to rising commodity prices. But India also weathered this storm. And at the end of the year, the country emerges as a bright spot on an otherwise dark horizon. But does that mean that everything was fine economically in 2022? Were there any challenges that still need to be solved? And how is the economy expected to develop in 2023?
A well-functioning public transport system is key to any country’s economic growth. And there is no doubt that the Delhi Metro has contributed a great deal to the economy of the national capital, and in turn to the economy of the entire country. Over the past two decades, it has transformed the transportation landscape of the country’s most populous city. Last week, the Delhi Metro celebrated its 20th anniversary.
As for financial markets, global headwinds forced India’s primary market activity to take a backseat as new listings fell around 50% from 2021. On average, however, IPO returns in 2022 outperformed those of the Sensex index. Against this backdrop, will retail IPO investors remain energetic in 2023?
Meanwhile, energy trading platform Indian Energy Exchange (IEX) recently announced that it is the country’s first zero-carbon power exchange. To reduce the carbon footprint, IEX used market-based tradable instruments. What does that mean? How does a company become climate neutral? Let’s find the answers and see how carbon trading works in this episode of the podcast.
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