New Delhi, 29th July 2021: At a time when the economy is coming back to normal, Government of India&apos;s Chief Economic Advisor Dr. Krishnamurthy Subramanian said that Government choices are clearly driven by hope. If you see the reforms and seminal reforms that have been done over the last year and a half you will see clear signals that the policy reforms that the government has taken are clearly driven by hope, even as a lot of commentary seems to be driven by excessive fear.
           
           Dr Subramanian said that he had suggested a V shaped recovery after the first quarter numbers that showed a 24 odd percent decline. \"We are very glad to note a V shaped recovery in economic growth. As a matter of fact India is the only country among large countries, which have had two consecutive quarters of growth,\" he said at the 2nd national e-conclave on Productive Use Of Financial Resources \"Roadmap For Economic Rebound\" organized by ASSOCHAM.
           
           Underlining the importance of Corporate Bonds in country&apos;s overall economy, Shri G. Mahalingam, Whole-Time Member, Securities and Exchange Board of India said that during the difficult Covid times SEBI has been taking a large number of measures to alleviate the sufferings of the listed companies and these measures are in the forms of relaxations in compliances, relaxations in fundraising and relaxations in facilitating right issues etc
            
           
           He also underlined the development of Corporate Bond Market in the country to strengthen the financial system of the country. \"What needs to be developed in the country in a big way is the Corporate Bond Market. We have been talking about this for some time but I see a flurry of action in the last few months where the Government is playing a proactive role, RBI too is in favour of it, while SEBI has taken few measures in this direction.\"
          
            The conclave, which had participation from industry experts including Shri Ashvin Parekh, Managing Partner, Ashvin Parekh Advisory Services LLP, Dr. Charan Singh, Chairman, ASSOCHAM National Council for Banking, discussed productive use of financial resources & its gap, impact of economic stimulus, role of financial institution to restart the economy, sustainable financing, digital revolution, coverage of unbanked being financed by non-institutional lenders and to address the problems and questions of stakeholders. A knowledge report -Productive Use of Financial Resources prepared by ASSOCHAM in partnership with Ashvin Parekh Advisory Services - APAS was also released during the conclave.
             About ASSOCHAM:
            ASSOCHAM initiated its endeavour of value creation for Indian industry in 1920. It was established by promoter Chambers, representing all regions of India. Having in its fold over 400 Chambers and Trade Associations, and serving over 4.5 lakh members across India. ASSOCHAM has emerged as the fountainhead of Knowledge for Indian industry, which is all set to redefine the dynamics of growth and development in the Knowledge Based Economy. More information available on www.assocham.org
           
           