Foreword

PROF. NAGARAJAN RAMAMOORTHY

Dear All,

I am delighted to introduce the tenth edition of Vitta Artha, the bi-annual magazine published by the Finance and Economics Club (FEC) of IIM Amritsar. FEC works interminably at the college and industry levels to further the students' interests by exposing them to various aspects of the world of finance and economics. The club endeavours to harness talent and enhance the learning experience of our student community. Vitta Artha – The Finance and Economics magazine of IIM Amritsar is one such effort in the same direction. Varied views in the form of articles given by students from prominent B-schools across India, finance faculty, and the esteemed insights of industry professionals help the students and readers better understand the reallife implications and nuances in the fields of finance and economics.

In this edition of Vitta Artha, readers will gain an in-depth understanding of the projected performance of the Indian Markets and the key sectors to keep an eye on in the coming years. It sheds light on the pivotal role that retail investors will play in the Indian Markets in the coming times and provides an analysis of the recent IPO boom, where start-ups have offered equity to the public at hefty valuations. The report also talks about the pressing issue of a potential global recession and India's stance in the face of this threat. Additionally, it covers the hot topics of Cryptocurrency and Digital Currency, providing insights and perspectives on these emerging trends.

This issue features a comprehensive analysis of the interconnection between Innovation, Sustainability, and Finance. The article explores the perspectives of multiple stakeholders in companies regarding their sustainability efforts, including shareholders, lenders, customers, employees, suppliers, government, and society. Additionally, it delves into innovative engineering solutions that promote sustainability, such as Smog Free Towers, Seabin, Solar Glass, and more. The article also touches upon the Union Government's Nation Green Hydrogen Mission and the various technologies for producing hydrogen. Lastly, the article provides valuable insights into the concept of Sustainable Finance.

Alongside this, this edition also features CFA preparation strategies, Industry Analysis, and Insightful Articles from students from reputed institutes of the country on topics related to Finance and Economics. I hope that this issue of Vitta Artha, like the previous editions, adds value to its readers and thus augments their interest and inquisitiveness in the enriching domain of finance and economics.