For Financial Inclusion
As you all may be aware of the necessity of the Financial Inclusion in the Indian Financial Markets; lets all do a little brainstroming on how we all can work together and what are the areas right from the base in terms of the Financial Inclusion and increasing the participation of the masses which could lead to strengthening and shaping up the 'Future of Indian Financial Market'.
'Every 10 second, a new baby is born'.Hence imagine how diffcult it is to ensure to reach the entire mass for the Financial Literacy. In this case,we should first think of stengthening the base. In my view, our indian education system should introduce a mandatory subject 'Financial Markets' like the History, Geography and others which should be exclusively talking right from the history and the evolution of financial Markets to the today's financial markets. The language should be very simple, easy to understand and should be made interesting.
I feel once this gets introduced, it really will help reaching the maximum masses including the rural and remote areas.
There are a lot of initiatives taken from the banking point of view like Nanadan Nilekani's UID and others ... Education can be a best and more prominent way to reach the mass ...it will show the difference automatically like for example,
If from the class 4th Financial Markets subject is introduced, then the students, the teachers, the parents, the tution classes like wise a huge mass will automatically start knowing about the Financial Markets. The area is very broad and should cover mainly focusing on first Banking, MF, Insurance, Stock Market, Exchange, Trading, Broking, and thus covering the entire Financial Categories with Emerging economies... and many more..
The only thing is that this concept should be well planned, easy understanding and fun to learn.
