Company: KNRX
Filing Date: 2025-09-30
Form Type: 424B4
Source: 0001493152-25-016175
Chunk: 48

Company: KNOREX LTD.
Filing Date: 2025-09-30
Form: 424B4
Chunk 48
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 have posed pertinent questions to policy makers on the vulnerability of their financial systems, particularly in emerging market economies (EMEs). In this context, we restate factors that make India’s banking system considerably less prone to such incidents.

With the April 2023 update of the World Economic Outlook (WEO) projecting India to be the fastest-growing economy in FY24, it is likely to be underpinned by even more robust stability in the macroeconomic variables. The Economic Survey 2022-23 and RBI also project Indian economy to register a real GDP growth rate of 6.5 per cent in 2023-24. The estimates are in line with the World Bank estimate of 6.3 per cent and Asian Development Bank (ADB) estimate of 6.4 per cent for 2023-24.

The emphasis on capital expenditure has been the highlight of the fiscal policy strategy of the Government. The capital expenditure during Apr-Feb 2023 was 21.7 per cent higher compared to the corresponding period of the previous year. This has led to an improvement in spending quality, which is reflected in the declining Revenue Expenditure to Capital Outlay ratio over the past years.

We face exposure to various risks including acts of war, terrorist attacks, epidemics, political instability, natural disasters, adverse weather conditions and unforeseeable events.

We face exposure to potential
vulnerabilities should tensions or conflicts arise in countries where our customers operate. Moreover, unexpected circumstances such
as power outages, labor disputes, severe weather, or other unforeseen catastrophes such as epidemics could disrupt our operations. Terrorist
activities or violence could also significantly impact global financial markets, business and consumer confidence. Any such occurrences
have the potential to damage or disrupt our business, affecting our markets, customers and suppliers, thereby materially impacting our
business, prospects, financial health and operational results.

We face susceptibility to events such as terrorist attacks, acts of violence and natural calamities.

The Indian economy and our
business may face adverse consequences due to the impact of natural calamities. Over the past few years, India has encountered various
natural disasters, including earthquakes, tsunamis, floods and droughts. The magnitude and seriousness of these events play a crucial
role in determining their repercussions on the Indian economy. The onset of such calamities has the potential to lead to a decline in
business confidence, ultimately negatively impacting our business and financial performance.

Acts of terrorism and other
forms of violence or warfare in India or neighboring