10 September 2011

Takeaways Motilal Oswal Annual Global Investor Conferences

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THE INDIAN ECONOMY has been facing several headwinds in the form of high oil
prices, unrelenting inflation, rising interest rates, earnings downgrade cycles and
governance issues. These factors have led to a significant fall in Indian equities,
putting the Indian stock market among the worst performing markets in CY11. This has
had an impact on FII inflows, which have been marginally negative in YTD CY11 after
inflows of over USD20b in each of the preceding two years. All this has led to valuations
turning attractive, pushing them below their long-term averages. The prospects of a higher
share of domestic savings in equities will be a key positive as India achieves the Second
Trillion Dollar GDP in FY12. It was against this backdrop that we hosted the 7th Motilal
Oswal Annual Global Investor Conference, 22-24 August 2011, at the Grand Hyatt in Mumbai.
The Motilal Oswal Annual Global Investor Conferences in 2009 and 2010 were
arguably the biggest in India. In 2011 we maintained this trend of hosting the largest India
conference of the year. During 22-24 August, over 100 leading Indian companies interacted
with more than 500 investors from all over the world, translating into 2,500+ companyinvestor
meetings. Over the remaining two days (25-26 August) we had very successful
visits to Gujarat, Delhi and Bihar, where a large group of investors interacted with the
Chief Minister of Gujarat, the Deputy Chief Minister of Bihar and several state and central
government officials.
 CEO Track: During the first two days of the conference 13 CEOs of India's leading
companies shared their vision, strategies and success stories.
 Four thematic presentations: There were four thematic presentations by eminent
personalities on a diverse range of themes:
1. Dr K C Chakrabarty, Deputy Governor, RBI had an interactive session with investors
on "Several Macroeconomic Issues".
2. General VP Malik (Retd), Chief of the Indian Army during the Kargil War discussed
his views on "National Security Challenges".
3. Mr Prakash Jha, reputed film-maker and six times National Award winner, provided
"India Insights" (key social issues) through his lens.
4. Prof Arun Kumar, of JNU, and author of the book, "Black Economy", shared his
knowledge on "India's Hidden GDP".
 Two luncheon panel discussions: On each of the first two days there was a panel
discussion over lunch. On Day 1, the topic was "Indian Entrepreneurship:
Exponential Growth Engine", and on Day 2 it was "Indian Financial Services:
Diversity & Opportunities". The panelists were leading CEOs across sectors.
Re-shaping India! As India slowly, silently and dramatically awakes to the challenges of
governance and inclusive growth, the three Cs (central government, corporates and civil
society) will manage 3G (global headwinds, governance and growth). We hope the
conference lived up to its theme, leaving investors with interesting insights, winning themes,
greater conviction and the best investment ideas.

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