InFiNITE (∞): Indian Financial Narrative Inference Tasks & Evaluations

ACL ARR 2025 May Submission29 Authors

Abstract: This paper introduces Indian Financial Narrative Inference Tasks and Evaluations (InFiNITE), a comprehensive framework for analyzing India's financial narratives through three novel inference tasks. Firstly, we present multi-modal earnings call analysis by integrating transcripts, presentation visuals, and market indicators via the Multi-Modal Indian Earnings Calls (MiMIC) dataset, enabling holistic prediction of post-call stock movements. Secondly, our Budget-Assisted Sectoral Impact Ranking (BASIR) dataset aids in systematically decoding government fiscal narratives by classifying budget excerpts into 81 economic sectors and evaluating their post-announcement equity performance. Thirdly, we introduce Bharat IPO Rating (BIR) datasets to redefine Initial Public Offering (IPO) evaluation through prospectus analysis, classifying potential investments into four recommendation categories (Apply, May Apply, Neutral, Avoid). By unifying textual, visual, and quantitative modalities across corporate, governmental, and public investment domains, InFiNITE addresses critical gaps in Indian financial narrative analysis. The open source data sets of the framework, including earnings calls, union budgets, and IPO prospectuses, establish benchmark resources specific to India for computational economic research under permissive licenses. For investors, InFiNITE enables data-driven identification of capital allocation opportunities and IPO risks, while policymakers gain structured insights to assess Indian fiscal communication impacts. By releasing these datasets publicly, we aim to facilitate research in computational economics and financial text analysis, particularly for the Indian market.

Paper Type: Long

Research Area: Resources and Evaluation

Research Area Keywords: corpus creation, benchmarking, language resources, NLP datasets, evaluation

Contribution Types: Data resources, Data analysis

Languages Studied: English

Submission Number: 29