Finance leadership has evolved over the last two years to catch up with the changing economy. This has had an impact across sectors ranging from retail, energy, fintech, etc.
Recognising this fact BW Businessworld organised a panel discussion on the topic ‘Industry Lookbook: Top Trends, Challenges And Concerns Shaping The Future Of Finance’, as a part of the BW CFO 40 under 40 event and award ceremony. The panel saw participation of Anand Agawarl, CFO VMart Retail, Nagesh Bailur, CFO, Randstand India, Manderp Mehta, Group CFO, Policybazaar, Paisabazzar, and Rohit Chandak, CFO, Ayana Renewable Power. The panel was moderated by Urvi Shrivastav, Editorial Lead, BW CFO, BW Businessworld.
Providing an overview of the topic at hand, Agarwal notes “There is a global challenge we are facing in the name of inflation. The world's biggest economies are going through recession. In India we have always lived with a high level of inflation so it does jot affect us as much.”
The evolving finance space has has an impact not just on companies, but employee expectations too. “From the recruitment side, the last two years have been different. In my industry it has been a busy season. A lot of people are changing jobs.” Notes Bailur. Fintech is at the heart of finance today, recognising this is the space to be in, Mehta says, “data will be the key driver of the industry. It is a great time to be in business because that is where the opportunities lie.”
The impact is seen across sectors, take for instance the renewable energy space, “Renewable energy has a deep relationship with finance, because these are extremely capital heavy businesses. The kind of investment we are seeing in this sector now is phenomenal.” Says Chandak.Finance and economy are closely inter-related across domains, to watch further, follow the link below: