The Wall Street investor conference calls analyzing Indian elections are getting a growing number of callers.
A large and varied number of people across the United States are dialing into a unique conference call that takes place every week to discuss what is being described as the most consequential elections in India’s history.
Though of interest and open to everyone, most callers are having more than a passing interest in India â€“ they want to get expert opinion on the election trends in India, or to understand the economic policies of various political parties, or to evaluate the investment environment in India post elections, says a statement issued by US India Political Action Committee (USINPAC), the organisers of the call.
Participants across 9 cities, which included leaders of the Indian American community, policy-makers at Capitol Hill, investment bankers and investors from the Wall Street along with technology entrepreneurs and academicians are connecting through the call.
The discussion points during the calls touch upon subjects such as possible outcomes of the elections, impact on trade and investments in sectors such as pharmaceuticals, energy, aviation, IT, status of civil liability bill, possible shift in Indiaâ€™s foreign policy.
This series of weekly conference calls include noted analysts from India providing their expert opinion to the American callers. The calls have so far featured Dr. Jagdeep S. Chhokar, the founder member of Association for Democratic Reforms (ADR), a non-profit organization that’s working for government and electoral change in India; and Dr. Anupam Srivastava, Managing Director of Invest India.
â€œThere is significant interest in the U.S. about the upcoming elections in India. Policy makers, businesses, and investors want to evaluate the developments. Major policy and business decisions would depend on the outcome of these elections. Through this initiative we aim to provide a better understanding of India to our U.S. members so that bilateral relations which are seeing a rocky present, have a cooperative future,â€œ said Sanjay Puri, the chairman of USINPAC.
USINPAC plans to conduct these calls May 16.
â€œIn an age when we all live with information overload, key decision-makers want a quick, crisp, and high-quality analysis from the real situation on-ground. The financial community on Wall Street is long used to such analyst calls that help them to forecast or price company stocks. We are doing something similar, but with a big difference – our callers are interested in a country, not a company stock,â€ Puri further added.