TMS Ep377: Ajay Banga, Indian Global CEOs, FIIs, Social Exchange

Indian-American businessman Ajay Banga has been nominated by US President Joe Biden to head the World Bank. With the US on his side, his nomination is no more than a formality. The appointment of 63-year-old Banga comes as the World Bank is undertaking a series of sweeping reforms to better respond to climate change and the challenges facing developing countries. So what are the challenges facing Banga at the World Bank?

It’s not just the Bretton Woods Institution. The list of global companies led by CEOs of Indian descent has never been more extensive. Microsoft, Adobe, Alphabet, IBM, Novartis and Barclays are some of the behemoths run by people whose roots can be traced back to India. So what accounts for the rise of Indian-born executives in global companies?

The growing number of Indian faces in international companies is a testament to the country’s growth story. India is indeed a shining star in the global economy. But it seems that FIIs are not impressed. For the past two months they have been dumping Indian stocks. What makes her nervous? And will the trend reverse? Dive deep into how FIIs view India as an investment destination.

To stay with the theme of financial markets, Sebi has given the green light to the NSE to set up a Social Stock Exchange as a separate segment. But what will this new exchange do? Which companies will be featured? Find out in this episode of the podcast.