India’s wealth will increase 1,000% in next 50 years

The National Stock Exchange's CEO and managing director, Ashishkumar Chauhan, expressed optimism that India's wealth would increase by 1,000% in the next 50 years
India’s wealth will increase 1,000% in next 50 years

He stated that thanks to technical improvements, ordinary people may now start their own businesses and build money because technology allows them to do so with less capital. Ashishkumar Chauhan, Managing Director and CEO of the National Stock Exchange, stated on Wednesday that he is optimistic that India's wealth will expand by 1,000 percent over the next 50 years due to the country's young population and technological improvements.

Speaking as the chief guest at the 23rd convocation ceremony of the Entrepreneurship Development Institute of India (EDII) near Ahmedabad on Wednesday evening, Chauhan acknowledged that India still faces socioeconomic challenges such as poverty, illiteracy, poor housing, living conditions, a lack of food, water, sanitation, and insufficient healthcare. He then exhorted the graduating students to be "agents of change" by finding inventive and cost-effective ways to affect change. "Over the next 50 years, India will make tremendous progress because of its young population, rapid technical advancements, and entrepreneurs. In his talk, he stated that India's wealth will expand by 1,000 percent, or tenfold, over the next 50 years.

According to Chauhan, with the help of technical breakthroughs, India will be able to create vast sums of money in the next 50 years, surpassing the riches created over the previous 10,000 years."India will be able to generate more wealth than other countries due to a variety of variables, including its young population and use of technology. European countries, as well as Japan and China, are growing older. If Indians stop migrating to the United States, the country may also age. On the other hand, India has 20% youth," stated Chauhan. "If they create 25% of the world's wealth in the next 50 years, India, which is currently considered impoverished, will be in a higher income band. Currently, our per capita GDP is really low. "We can join the league of rich nations in the next 50 years," claimed the NSE CEO.

He stated that thanks to technical improvements, ordinary people may now start their own businesses and build money because technology allows them to do so with less capital.Speaking to the media following the event, Chauan said almost 150 SME category companies are already listed on the NSE EMERGE platform, where companies can get listed on the NSE without an initial public offering, and the platform assists SMEs and startups to connect with investors for funding. When asked about his thoughts on US economist Harry Dent's recent warning about an upcoming stock market catastrophe that might be larger than the 2008 financial crisis, Chauhan stated individuals should exercise caution to avoid losses. "Many analysts expect such crashes at regular intervals. Sometimes such predictions come true. As a result, investors must exercise caution and invest in such a way that they do not suffer losses when such events occur," he stated.

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