Mumbai: Maharashtra Chief Minister Devendra Fadnavis on Wednesday inaugurated the 3rd edition of the Money9 Financial Freedom Summit in Mumbai. While delivering the welcome speech at the event, TV9 Network MD, CEO Barun Das shared four key pieces of advice with India’s young investors.
Das also highlighted the summit’s relevance amid the prevailing global economic and political uncertainty. “This is a moment of great economic and political uncertainty for the world. A new world order is being hammered out right in front of our eyes at an unprecedented pace,” said Das.
While highlighting India’s unique position on the global stage, he added, “India, under the leadership of our Prime Minister Narendra Modi ji, has presciently carved out a unique role for itself. A role where India is nobody’s enemy, but every willing country’s friend and a partner in progress.”
With the stock markets experiencing turbulence due to record selling by foreign institutional investors since October last year, Das reassured that India has a robust and long-term growth story.
“India’s long-term growth story is unmatched. With every passing day, its economic heft is only growing. I have no doubt that India will become the 3rd largest economy—next only to the US and China.”
Das also lauded CM Fadnavis for his pro-development policies and expressed hope that the summit would provide valuable insights into the vision for Maharashtra, India’s economic engine.
Four key advices by Barun Das to young investors
- Avoid get-rich-quick ideas and focus on sustained, long-term investments.
- Prioritize investing over mere saving to secure financial freedom.
- Educate oneself about investment options to improve outcomes.
- Help those around them, including family members and domestic workers, become financially aware and develop good financial habits.
Organised by TV9 Network, the Money9 Financial Freedom Summit brings together some of the best minds in India’s financial sector to discuss the challenges and opportunities shaping the country’s economic growth.
Full text of Barun Das speech
Our Chief Guest this afternoon, the Honourable Chief Minister of Maharashtra, Shri Devendra Fadnavis Ji.
Our esteemed guests and distinguished speakers.
Ladies and gentlemen.
I take great pleasure in welcoming you all to the 3rd edition of Money9 Financial Freedom Summit.
The timing of this summit could not have been more opportune.
This is a moment of great economic and political uncertainty for the world.
A new world order is being hammered out right in front of our eyes at an unprecedented
pace.
The world order dominated by developed western economies since the end of the Second World War is coming apart.
India, under the leadership of our Prime Minister Shri Narendra Modi ji, has presciently carved out a unique role for itself.
A role where India is nobody’s enemy, but every willing country’s friend and a partner in progress.
It’s a position few countries in the world can boast of.
But the recasting of the global order comes with its own challenges.
Nowhere is the challenge felt more keenly than in our financial markets.
Especially the stock market.
Since October last year, the stock market has been under tremendous pressure due to record selling by foreign institutional investors.
As it happens during every sell-off, the retail investors are scared and are wondering what will happen next.
Today, we have some of the best and biggest brains from India’s financial markets with us.
Therefore, in fitness of things, I am going to let them give the advice.
But on behalf of TV9 Network that is passionate about promoting financial independence of every Indian, I will say this:
India’s long-term growth story is unmatched. With every passing day, its economic heft is only growing.
I have no doubt that India will become the 3rd largest economy—next only to the US and China.
If you need evidence, just look around this city…Mumbai…the business capital of India.
The amount of development and modernization that is happening is unprecedented.
It is the largest peace-time development ever undertaken by any city.
We are fortunate to have Maharashtra’s Chief Minister, the young and dynamic, Sri Devendra Fadnavis ji with us.
His brand of politics has always been defined by pro-development policies.
I am sure we will get to hear his vision for Maharashtra—India’s economic engine.
Before I wrap up, I want to share a few thoughts with India’s young investors would be watching this telecast through our network across the country.
ONE: Do not get sold on get-rich-quick ideas.
Instead, look for investment opportunities that will give you sustained returns over a long period of time.
TWO: Do not just save. Invest.
Invest for your financial freedom and that of your loved ones.
THREE: Educate yourself about investments.
Your investment outcomes will be much better and stronger.
FOUR and FINAL piece of advice and a request.
Those of you who have been fortunate enough to benefit from India’s economic miracle of the past decade…
…please help those around you…in your immediate circles…to become financially aware and savvy.
It could be your young cousins, nieces and nephews, your uncles and aunts, and most of all, your domestic helps.
Please help them develop good financial habits.
A small investment started early in life and continued through to retirement will go a long way in creating a comfortable nest egg than late and sporadic investment.
Like someone said, it is not timing the market, but time in the market that creates wealth.
A Viksit Bharat needs its citizens to power the country’s growth with their precious capital.
Invest in your own future.
With that, I once again welcome all of you and invite you to help shape the financial freedom of every Indian.
Thank you.
