Finance Minister: Sitharaman's Big Remarks to safeguard investors: Don't Allow Unchecked F&O Explosion

 Sitharaman said adoption of technology in the market can boost the economy to $3.7 trillion by 2025 p

Speaking at a BSE program, Finance Minister Nirmala Sitharaman highlighted the importance of using technology in the market. She emphasized that fintech companies are actively developing technological solutions, and markets should adopt these innovations for more efficient and user-friendly trading experiences. Sitharaman stressed that BSE can play a crucial role in promoting high-tech corporate governance. She noted that BSE could engage with listed companies to maintain investor confidence. Sitharaman also highlighted the importance of industries moving towards 4.0 and the need for India to adopt a similar approach to developing necessary software. She cited a McKinsey Global report predicting that Finance 4.0, a subset of the Fourth Industrial Revolution, will contribute over 6% to the growth of emerging market economies by 2025, amounting to nearly $3.7 trillion, through the adoption of the fintech revolution within less than a year. Therefore, India should embrace technologies like blockchain, AI, and big data.