Page 6 - Nuvama | IC Report 2023

Dear Investor and Corporate,

Welcome to the Nuvama India Conference 2023 themed
India: The 5D Advantage.
This conference is special; it is not only our first physical annual
conference after two virtual editions, but also the first-ever in our new
avatar: Nuvama Institutional Equities.
Our brand and image makeover is deep-rooted. It is an extension of
our new corporate ethos—with ‘the customer is first’ as the bedrock
of our efforts. We have also used this momentous opportunity to
effect numerous novel changes — hard and soft – with the sole aim of
elevating customer experience.
Nuvama’s new and refreshing corporate identity and ethos shall be
visible at our India: The 5D Advantage investor conference. That said,
we invite your attention to our thoughts penned down in this edition
of our coffee table book.

It is our firm belief the more investors discover the India story, the more
there is to the story. In other words, India is a constantly unfolding plot
that cannot be captured holistically, but along the way. And at this
juncture, from today’s vantage point, we see India as an interplay of
five politico-economic and socio-economic forces, which we term as
the 5D Advantage: De-globalisation, Deregulation, Debt, Demography
and Democracy.
In this tale, preparation meets providence. It takes two wings to fly.
Over the last ten years, India has been through a cleansing of sorts, a
catharsis or a purgatory, if you will, which the great Italian poet Dante,
in The Divine Comedy, saw as a preparation for paradise. The reforms
undertaken by India in the last ten years were necessary, tough and
painful, and are tantamount to a second unshackling of India after
the 1990s’ liberalisation. The country once associated with ‘policy
stasis’ is now celebrated for ‘policy panacea’. Rarely do democracies
showcase such a resolve. Meanwhile, India’s financial sector, purged
of bad loans, is finding renewed vigour in its limbs.

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