Indian millennials are taking to the stock market, as the bored and young start driving markets worldwide

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Ireland News News

Business Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.

They are likelier to take risks than their elders, departing from the asset investments typical in India.Millennials in India might be changing the country's stock market.

The influx of young investors is a similar story around the world, but an especially positive sign for India's economic development, as active investor accounts increased to a record 10.4 million in 2020. Only 3.7% of the country's 1.36 billion people invest in equities, per Bloomberg, compared to 12.7% in China and 55% in the US.

It also signals that internet adoption is extending to areas of the country beyond the big cities of Mumbai and New Delhi. Securities firm Angel Broking told Bloomberg that more than 50% of its new customers in its fourth quarter were from"smaller cities and towns."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Yo where are these millineals in India getting money to invest?

They have a stock market ? I’m shocked, good for them

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines