And for a Friday to attend the Indo-German Financial & Business Dialogue in the Historical, Iconic Hall of Bombay Stock Exchange (BSE)….. some thoughts…..
Courtesy – www.hindustantimes.com
The history and evolution of BSE is a remarkable recognition of Change Management and Entrepreneurship of Indian Business. BSE is Asia’s first Stock Exchange established in1875, even before Japan, as an Open Outcry Floor trading Exchange which was converted to Electronic Trading System in 1995 in just 50 days.
In the globalised interconnected world that we live in, economic wealth of an individual is as important as Economic wealth of a Nation and no Middle Class Family can amass legitimate wealth unless you are invested in Shares. Imagine 5 Lakhs in SBI shares in 2000 is worth much more than 50 Lakhs, maybe 75 Lakhs…. but remember the Formula for Share Investment…. 100 minus age if below 50 years, 80 minus age when you cross 50!!
BSE has today the Centralised Exchange based Internet trading System, one can trade from anywhere in the World, with more than 5749 Companies Listed and Market cap of 100 lakh crores. BSE is the world’s Fastest Exchange with a median trade speed of 6 micro seconds.
India has progressed. Ease of doing business rank has moved up from 130 to 100…. remarkable…. but the journey has just begun. There are challenges and more challenges. We need to build a Corruption Free India, an Entrepreneurial India…. the legal way…. the Ethical way…. the SEEGOS way.