Investing in the stock market creates jobs, says BSE CEO Ashish Chauhan

28 May 2015
ndians who save around USD 600 billion must be encouraged to invest in productive financial instruments like banks or stocks for creating jobs, Bombay Stock Exchange CEO has said.

Bombay Stock Exchange Managing Director and CEO Ashish Chauhan said yesterday that in India 90 per cent of investors were more drawn towards assets like gold and real estate and less than 10 per cent of savings goes towards finance or financial instruments.

"Around 98 per cent of Indians do not inv ..

ndians who save around USD 600 billion must be encouraged to invest in productive financial instruments like banks or stocks for creating jobs, Bombay Stock Exchange CEO has said.

Bombay Stock Exchange Managing Director and CEO Ashish Chauhan said yesterday that in India 90 per cent of investors were more drawn towards assets like gold and real estate and less than 10 per cent of savings goes towards finance or financial instruments.

"Around 98 per cent of Indians do not inv ..

MELBOURNE: Indians who save around USD 600 billion must be encouraged to invest in productive financial instruments like banks or stocks for creating jobs, Bombay Stock Exchange CEO has said.

Bombay Stock Exchange Managing Director and CEO Ashish Chauhan said yesterday that in India 90 per cent of investors were more drawn towards assets like gold and real estate and less than 10 per cent of savings goes towards finance or financial instruments.

"Around 98 per cent of Indian ..

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MELBOURNE: Indians who save around USD 600 billion must be encouraged to invest in productive financial instruments like banks or stocks for creating jobs, Bombay Stock Exchange CEO has said.

Bombay Stock Exchange Managing Director and CEO Ashish Chauhan said yesterday that in India 90 per cent of investors were more drawn towards assets like gold and real estate and less than 10 per cent of savings goes towards finance or financial instruments.

"Around 98 per cent of Indian ..

Source: The Economic Times

Indians who save around USD 600 billion must be encouraged to invest in productive financial instruments like banks or stocks for creating jobs, said Managing Director and CEO of the Bombay Stock Exchange Ashish Chauhan.

Chauhan said that 90 per cent of investors were drawn towards assets like gold and real estate while less than 10 per cent of national savings goes towards finance or financial instruments.

"Around 98 per cent of Indians do not invest in financial markets. India is a poor country but it saves around 600 billion dollars," he said while delivering a public lecture at the Melbourne-based Australia India Institute.
 

"Money that goes into real estate or gold is not productive and cannot create jobs. But when it goes into financial instruments like banks or stocks it can be used for creating jobs," Chauhan said.

"Our focus is to attract more Indian investors to invest into Indian stock markets and also for those abroad to invest in the Indian market," he added.

Chauhan said "I have been told that over the next couple of months India specific funds are going to be launched in Australia".

"Australia has been depended on China for the last 25 years but China has stopped construction - Australia needs to look at other countries like India", he said.

Chauhan said his ongoing visit was aimed to re-strengthen relations with Australian stock broker associations, business and fund houses that are trying to raise India specific funds.

"Effectively there are hugely positive views in Australia about India and opportunities that are coming up in India," Chauhan, who is on a three days visit, said.

(Ashish Chauhan appearing on ABC24's The World)