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Project: India needs financially aware society

Fiinews by Fiinews
July 29, 2025
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Dr Singh calls for 50% women participation in workforce

India urgently needs to integrate financial education into school and college curricula to empower the next generation and have a financially aware and a self-realised society, said Dr Bhim Singh, Member of Parliament (Rajya Sabha) and Member of the Parliamentary Standing Committee on Education, Women, Children, Youth and Sports.

Addressing an “International Conference on Financial Planning 2025” on 22 July, he also highlighted the pivotal role of public-private partnerships in building a financially informed and inclusive India, and in achieving the collective vision of Viksit Bharat by 2047 https://www.bseindia.com/.

Dr Singh called for inclusive policy reforms and targeted efforts to achieve 50% women’s participation in the workforce by 2047 https://www.nseindia.com/.

Opening the conference, PHDCCI President Hemant Jain called for reinforcing the PHDCCI’s commitment to building a financially aware India.

“Financial empowerment starts with awareness and the right guidance. This platform shows our resolve to create a strong, inclusive and self-reliant nation,” he stressed.

Dr Ranjeet Mehta, CEO & Secretary General, PHDCCI, spoke about the relevance of financial planning for the youth and emphasized that such conferences foster valuable dialogue https://fieo.org/.

“The ideas and deliberations from today will be submitted to the Government of India for further consideration,” added Dr Mehta.

Krishan Mishra, CEO, FPSB India, pointed out the importance of creating an environment where people are encouraged to make informed financial decisions. He asserted that financial literacy at the grassroots level can help achieve Viksit Bharat by 2035, even ahead of schedule.

Dante De Gori CFP, Global CEO, FPSB Ltd, emphasized that while AI and technology will revolutionize financial planning, human touch, emotional intelligence, and trust will remain central to the profession.

David Sharpe CFP, Chair, Financial Advice Association Australia (FAAA), highlighted the unique role of financial planners. “Our role is not just about numbers but helping clients articulate their life goals and guiding them through economic uncertainties,” he said.

A special address was delivered by Shri Ananth Narayan G., Whole-Time Member, Securities and Exchange Board of India (SEBI), who spoke on India’s financial future and its impact on societal well-being. The event also marked the launch of FPSB India’s new book, ‘All About Financial Planning Education’, aimed at equipping individuals with structured knowledge on personal finance and planning.

In a significant step towards building a financially literate and empowered India, PHD Chamber of Commerce and Industry (PHDCCI), in collaboration with Financial Planning Standards Board India (FPSB India), organised the conference in New Delhi.

The conference brought together national and international leaders, policymakers, financial experts, and educationists to deliberate on the importance of financial education, policy inclusion, and collaborative strategies for empowering individuals and shaping a self-reliant India. Fiinews.com

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