Last week the Times of India reported that the number of individuals disclosing over Rs1 crore in annual income rose five-fold in the last decade to 2.3 lakh. This is not happening in isolation.
India is witnessing a sharp growth in Demat accounts holder (17.50 crore), Mutual Fund SIP accounts (9.34 crore), and growth in the share of retail investors in equity cash segment turnover growing three-fold to 36% in 2023-24
from 2013-14.
Connect the dots and we can trace a silent revolution which is transforming India from a nation of savers to investors.
To unpack this compelling makeover StratNews Global spoke to Srinivas Jain, Executive director & Head of Strategy at SBI Funds Management.
Anil Padmanabhan has been a journalist for the last 36 years. He has worked in various capacities in several publications including Afternoon Despatch & Courier, Press Trust of India, Business Standard, Mint and was based in New York for India Today. He was a Nieman Fellow in 2001. He tweets at @capitalcalculus.
