With 1.486 billion people, India is the most populous country in the world. However, only 3% of Indians invest in the stock market, compared to 13% of Chinese and 55% of American investors. As investors become more sophisticated, their understanding of different investment choices goes far beyond selecting specific companies. Indians will likely keep money in savings accounts and FDs rather than the stock market.
Merely 27% of the Indian populace possesses financial literacy, indicating that just one out of every five Indians can handle one of the most vital facets of human welfare. It represents 73% of Indians who lack financial literacy and do not prioritize investing in stocks or savings. Projections show that India, with 1.486 billion inhabitants, surpassed China to become the most populated country in the world in April.
With about 23 trillion dollars in equity market capitalization, the New York Stock Exchange leads all stock exchanges globally. India has a $3.31 trillion market capitalization. Based on a study, India is currently the second-most stock-obsessed nation globally. The U.K. financial services business CMC Markets conducted the survey, which looked at Google Trends data on popular search phrases among stock and trading enthusiasts. That doesn’t matter, though, because we are the most populous nation on earth. Most American stock investors are often elderly or white, non-Hispanic, and possess a college degree. Currently, 62% of Americans who claim to have direct equity holdings in the stock market are women.
With 1.486 billion people, India’s stock market is valued at approximately $4.16 trillion., which is meaningless. Indians should put more of an emphasis on stock market investing than on savings accounts. According to a US-based research agency, 61% of Americans
All market investments are subject to market risks, and you are solely responsible for your losses. Refrain from relying on third-party validation and do your own research before investing in the market.
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