The World Investor Week being hosted by IIMB’s Centre for Capital Markets & Risk Management and National Stock Exchange of India flags off with enlightening discussions on the impact of technology and innovations on trading platforms, and the current macro-economic condition of India
24 November, 2021, Bengaluru: The Platform for Investors’ Education (PIE), a flagship project of the Centre for Capital Markets and Risk Management (CCMRM) at IIM Bangalore, funded by the National Stock Exchange of India (NSE), is celebrating the World Investor Week 2021, from November 23 to 28, 2021. This year’s event is themed on ‘Investor Awareness: A Key to Financial Well-being’.
The weeklong event will include a series of webinars and round table discussions featuring eminent speakers. On Day One - November 23 - Prof. M Jayadev, Chairperson, Centre for Capital Markets & Risk Management and faculty in the Finance & Accounting area of IIMB, while welcoming the speakers and the audience, gave an introduction to the event. Prof. Rishikesha T Krishnan, Director, IIMB, inaugurated the session.
Ravi Varanasi, Chief Business Development Officer, NSE, delivered the keynote address and discussed the evolution of electronic technology in trading and its tremendous impact in enhancing the trading platforms in India. He explained, “The birth of the National Stock Exchange in 1994 was at a time when the market was completely physical. Technology has helped the repositories take the markets to the investors, creating a revolutionary change in trading patterns and inducing cost-cutting. This saw a huge transformation from trading only debt equities in 1994 to gradually introducing equity derivatives, FX derivatives, fixed income derivatives and commodity derivatives. Moreover, there have been innovations in the product side to cater to the entire risk spectrum. The bank interest rates have also considerably lowered owing to the investors’ lookout for alternatives to be able to beat inflation and build long-term wealth.”
Elaborating on the effectiveness of the collaboration between the Insolvency and Bankruptcy Board of India (IBBI) and NSE to study bankruptcy, he said, “The various steps taken over the period have been destabilizing bankruptcy and there is work to make the data available to researchers to garner more insight into the entire process.”
Dr Aishwarya Krishna, Manager at CCMRM, shared a video on: ‘The Journey of PIE’, as PIE completed a year since its inception.
Dr Tirthankar Patnaik, Chief Economist, NSE, in his talk titled, ‘Current Macro-Economic Condition of India’, spoke about the economic slump and subsequent recovery in the macro-economic factors in India in the pandemic scenario. His talk stressed on the fact that amidst an accentuation of global risks, the Indian economy is picking up steam. “Primarily an economy is divided into six segments, namely, real, external, monetary, fiscal, policy and politics. Essentially, the global backdrop has a lot of uncertainty even though a significant recovery can be witnessed. The sharp rise in inflation across the world and lack of vaccine supply pose a hurdle in the pathway to recovery. The International Monetary Fund reports that inflation has become the biggest hurdle to Global Central Banks. Even though the domestic economy is seeing a recovery, researchers are uncertain about its stability. The Central Banks prioritize growth over inflation to maintain an accommodative stance. The Monetary Policy Committee of RBI states that there is progressive investment in aggregate world but this recovery remains uneven. Since the output remains below the pre-pandemic levels, there is a need to continue the policy support. Although the larger picture says that there are signs of a good recovery, the question remains: ‘is this a base effect or a sustainable recovery’”, he pointed out.
The World Investor Week is a weeklong celebration across the world organized under the aegis of IOSCO, the worldwide securities regulator. The Securities and Exchange Board of India (SEBI) lends its support in organizing this event. The primary initiative of this event is to spread awareness on the market, the products available, the precautions that need to be taken by investors while accessing the markets, how to empower investors, the interventions that are required to avoid information asymmetry, ensuring availability of data and educating about tools that help in making the right decisions to build wealth over a period of time.
The next few days of the event will see more speeches and discussions by industry experts and academicians.
For details regarding the event, please click here.
To register, please click here: https://iim-b.zoom.us/webinar/register/WN_ALI_YHa5SGeYSGCpM4QtQA