The National Stock Exchange of India Limited (NSE) is set to establish a skill development centre at Vignan's University in Guntur district. NSE Managing Director and Chief Executive Officer Ashish Kumar Chauhan announced that experts from NSE Mumbai will provide specialised training to students in trading, financial markets, investments, and equity research through this centre.
Programme Highlights
Speaking at the 'student skilling and investor awareness programme' organised jointly by Vignan University, NSE, and the Securities and Exchange Board of India (Sebi) at the university on Thursday, Chauhan emphasised that stock markets are playing a crucial role in India's economic growth. He noted that the number of investors in India has surged from merely 10 to 15 lakh in 1994 to nearly 13 crore at present.
Market Capitalisation Growth
The total market capitalisation of Indian stock markets, which stood at around Rs 3.8 lakh crore in 1994, has now grown to nearly Rs 470 lakh crore, he said. Chauhan highlighted that India is currently the fourth-largest stock market in the world after the United States, China, and Japan. He added that small-scale entrepreneurs and startups can also raise funds through platforms such as 'NSE Emerge' by mobilising investments through equity participation.
Importance of Investments
Explaining the significance of investments, Chauhan stated that converting savings into productive investments is one of the strongest pillars of a modern economy. He also discussed the evolution of NSE after the 1991 economic reforms and the need for a transparent stock exchange system following the 1992 Harshad Mehta scam.
Sebi Official's Warning
Sebi Corporate Finance Department Chief General Manager D Rajesh Kumar cautioned investors against fake investment schemes and misleading financial promotions in the digital era. He advised people to invest only through Sebi-authorised institutions.
Encouragement for Students
Narasaraopet MP and university vice-chairman Lavu Sri Krishna Devarayalu said financial awareness and market knowledge would shape the future leadership of the country. He encouraged students to explore opportunities in mutual fund distribution, demat account services, and equity research. Vignan's University in-charge Vice Chancellor Professor K V Krishna Kishore, Registrar Professor P M V Rao, faculty members, and students participated in the programme.
