Podcast : Indian Women and Money, Mid and Small cap sell-off & crude oil price surge

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What is this episode about?

In this ninth episode of the Prime Podcast, hosts Srikanth Meenakshi and Vidya Bala cover various financial news events and dive into a discussion about whether women really have full access to their household money. The podcast begins with a recap of the top headlines from the past fortnight.

One of the significant headlines discussed is India’s inclusion in JP Morgan’s Emerging Market debt Index. This inclusion is expected to bring billions of dollars in inflows into the Indian economy. The Indian government bonds will be included in the GBI EM index, making India a substantial player in the global market.

Vidya emphasizes the implications of this inclusion, highlighting the potential for reduced borrowing costs and increased dollar flow into the country. You can read more on this in our article on JP Morgan India inclusion: What it means for Indian g-secs.

Another major news item discussed is the rise in crude oil prices, which reached a 10-month high. The hosts note the potential impact on India, given its status as the third-largest consumer of crude oil. They mention the risk of a widened current account deficit, currency depreciation, and increased inflation.

However, they also point out that historical trends suggest that crude oil prices tend to correct after overshooting certain thresholds. Rating agency CARE predicts that Brent crude will likely maintain an average range between $87 and $92 a barrel for the remainder of the financial year unless unforeseen tail risks materialize.

Moving on to the main segment of the podcast, Srikanth and Vidya discuss women’s involvement in household finances. They break down the discussion into three levels: access, visibility, and the ability to control/manage finances.

Regarding access to money, they mention that women are often given a fixed sum for household expenses, which limits their access to the overall family finances. When it comes to spending on personal choices, women often need approval from their spouse.

Visibility of finances is a major issue in many households. Women often have limited knowledge of where the family’s money is invested or saved, which can lead to problems in case of emergencies or sudden financial events.

The hosts emphasize the importance of women taking an active role in managing their finances. They suggest maintaining separate accounts, even if a joint account exists, and getting involved in investment decisions. They encourage women to seek the help of financial advisors and gradually build their financial knowledge.

They also discuss the reluctance of some men to share financial information with their spouses. Men often see themselves as “protectors” of the family’s finances and may not want to burden their wives with financial matters. Additionally, some men believe that women may not understand financial matters and fear being questioned if they share too much.

In conclusion, the hosts stress the importance of women having full access to and visibility of family finances. They encourage women to take an active role in managing their money and gradually build their financial knowledge. By doing so, women can gain confidence in handling their finances and ensure a more secure financial future.

Podcast : Indian Women and Money, Mid and Small cap sell-off & crude oil price surge

Key segments in the podcast discussion

  1. India’s Global Bond Market Entry: Explore India’s inclusion in JP Morgan’s emerging market debt index and its potential impact on the economy and global investments. (0:32 – 4:31)
  2. Crude Oil Price Surge: Understand the recent surge in crude oil prices and its implications for India’s fiscal stability and economic outlook. (4:32 – 6:35)
  3. Mid and Small Cap Sell-off: Analyze the reasons behind the sell-off in mid and small-cap stocks, with insights on market dynamics and brokerage perspectives. (6:36 – 7:50)
  4. Household Savings Decline: Uncover the concerning drop in household savings in India and its drivers, including stagnant incomes and rising inflation. (7:51 – 8:26)
  5. The reality of Indian Women and Money (8:27 – 21:56)
  6. Closing the Gender Financial Gap (21:57 – 32:33)

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4 thoughts on “Podcast : Indian Women and Money, Mid and Small cap sell-off & crude oil price surge”

  1. In the “Indian Women and Money , mid and small cap….” Podcast, Primeminister’s website is referred to instead of Primeinvestor’s website. Please correct and reload it. It comes close to 8th minute of the Podcast.

  2. Thank you for an insightful discussion about why women don’t take control of their financial life. Sreekanth’s perspective about men wanting to protect the family by not burdening them or Vidya’s comment about husbands trying to avoid getting chided may certainly a large factor. I think lack of interest is also a factor. In our household I’ve tried my best to keep my wife in the loop (she’s earning, has her own bank account, credit card and investments) but though I encourage her to handle her own finances, she leaves it to me to invest on her behalf!

    1. You are absolutely right. They can decide not to manage it but visibility and awareness of where it is has to be done. Instill fear in them of the risk of not knowing it in the event of an untoward incident…only that works, so sorry to say 😀 Regards, Vidya

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