The Future of Pensions in India

Mr. Sanjiv Bajaj is the Jt. Chairman & MD, Bajaj Capital, building the platform for the Business leaders of the Financial Services and Advisory sector to exchange their vision, experience, and views on making the right financial decisions.

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Sanjiv Bajaj Jt. Chairman & MD, Bajaj Capital

Deepak Mohanty Chairperson of the Pension Fund Regulatory and Development Authority

"NPS, in essence, is a vehicle that empowers individuals in the private sector to plan for their retirement. It's a means for people to create a financial cushion for their post-retirement life, ensuring they can enjoy a comfortable and secure lifestyle when their working years conclude."

In the world of Indian finance, Deepak Mohanty stands tall as a prominent figure. Serving as the chairperson of PFRDA, he wields significant influence in shaping India's financial landscape.

We are honored to have him here today for an enlightening interview.

Before we dive into our conversation, let's take a moment to discuss the National Pension System (NPS), a financial tool that has been gaining popularity in India. While some have fully embraced NPS, others have yet to explore its potential. NPS provides a unique way for investors to nurture their retirement dreams and build an extra income source. Deepak Mohanty often stresses the concept of a second income, a financial safety net that ensures one's lifestyle remains secure, even during unexpected events like lockdowns.

Today, we are privileged to hear from Deepak Mohanty, a distinguished figure who has made significant contributions to the Indian economy, particularly through his work with the Reserve Bank of India (RBI). Let's begin by discussing the current state of the Indian economy. Our Prime Minister has set an ambitious goal for India to become the world's third largest economy during his third term. This vision not only paints a hopeful picture but also offers opportunities for wealth creation. Given Deepak Mohanty's extensive experience and expertise, we eagerly await his insights into the Indian economy at this critical moment.