Mumbai, May 14 (IANS) Union Finance Minister Nirmala Sitharaman said on Tuesday that more and more Indians are now investing in stock markets and their household savings must be protected with robust guardrails.
Addressing an interactive ‘Viksit Bharat 2047’ session focused on the Indian financial markets at the Bombay Stock Exchange (BSE), the Finance Minister said the middle-class families have now realised that even though investing in markets has its risks, “there are better returns too”.
“We must guard and build from strength to strength the trust that Indians are showing in the stock markets,” FM Sitharaman told the gathering.
She also said the mindset that savings have to be made in post-offices and banks has not gone away from the minds of the opposition parties.
“But India has moved far away, moved far ahead, and moved fast forward,” the FInance Minister said.
The middle-class families are now willing to find new ways of investing in stocks and are opening demat accounts as never seen before, she added.
–IANS
na/arm
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
