Sushi
 

Ashish Kumar Chauhan

CEO, BSE


Bihar is lagging behind in terms of investments in the stock markets. “Bihar has 2.63 lakh investors who have opened dematerialised accounts, as against two crore accounts in India. It captures 1.3 percent of total accounts opened with depositaries while the population of Bihar is eight percent of India,” said Ashish Kumar Chauhan, chief executive officer, Bombay Stock Exchange. Around two percent of Indians invest in stock market.

Chauhan said investment in stock market serves as hedge against inflation because it gives more returns than the fixed income schemes. In the last few years, the BSE has been working with state governments, including Bihar, to make people aware of transacting in the markets.

He stressed on the importance of financial literacy in the state. “For a young population, which can invest in stock market in shares, mutual and pension funds will give them long term returns than other fixed income,” the CEO added. India’s fifty percent of population is below the age of twenty-five. “They are getting urbanised. They need to invest in long-term asset creations, for which stock markets are a good option,” the CEO said.

Clearing the air about the mistrust regarding investing in stock markets, he said that we are the market for trust. The BSE and SEBI are there to take care of the investments of their hard-earned money, he said. “If you invest in stock markets and keep shares for more than a year, the capital gain tax is exempted, that is zero capital gain. Investment in stock market not only helps in getting higher returns but it is also good for the country as a whole because that money is invested in new greenfield projects that help in creating jobs. We need to create 1.5 crore jobs for every year in next 20 years.”
 

 


Other Speakers

  • Harsha Vardhana Singh
  • MV Tanksale
  • UK Sinha
  • Hemant Kanoria
  • Ashish Kumar Chauhan
  • Satish Kaushal
  • Atul Sinha
  • Sanjay Panigrahi
  • Chanchal Kumar
  • Harshvardhan
  • BK Mishra
  • Vineet Rai
  • Rashmi Sinha
  • CS Ghosh
  • PK Saha
  • Alok Prasad
  • R S K Jaiswal
  • Irfan Alam
  • RB Gupta
  • AS Sekhawat
  • Dr S Sidharth
  • Amitabh Verma
  • Amarjit Sinha
  • Pratyaya Amrit
  • Alakh N Sharma
  • Sushil Kumar Modi
  • Nitish Kumar
 

Video of Bihar Banking On Inclusion

 

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