Home » Salient Points of PM Modi’s remarks at the inauguration of National Institute of Securities Markets campus at Patalganga on 24th Dec, 2016
- India is being seen as a bright spot. Growth is projected to remain among the highest in the world
- India’s place as the fastest growing large economy has not come about by accident
- In 2012-13 fiscal deficit had reached alarming levels.Currency was falling sharply.Inflation was high. Current account deficit was rising
- In less than 3 years, this government has transformed the economy
- Financial markets can play an important role in the modern economy
- However history has shown that financial markets can also do damage if not properly regulated
- For financial markets to function successfully, participants need to be well informed
- India has earned a good name for its well regulated securities markets
- Government is very keen to encourage start-ups. Stock markets are essential for the start-up ecosystem
- Our markets should show that they are able to successfully raise capital for projects benefiting the vast majority of our population
- SEBI should work for closer linkage between spot markets like e-NAM and derivatives markets to benefit farmers
- Those who profit from financial markets must make a fair contribution to nation-building through taxes
- My aim is to make India a developed country in one generation
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