INDIA HAS TRADITIONALLY been a nation of savers. The financial aspirations of millions of Indians have centred on multiple savings avenues.
Today, technology is rewriting this narrative. New-age platforms are driving a transformation from saving to investing, thereby enabling Indians to embrace wealth-creation opportunities across diverse financial instruments. This shift is not just a financial revolution—it is a cultural revolution.
Data from the RBI highlights a shift in how Indians manage their savings. Mutual fund investments (as a percentage of household savings) have grown from 2% in 2020 to 6% in 2023. This trend signals how technology has empowered Indians to move from being savers to active investors.
Tech Revolution
Over the past decade, the integration of banking, Aadhaar, and mobile technology has established a robust foundation for large-scale financial inclusion in India. These transformative initiatives have empowered individuals across the nation with seamless access to a wide range of investment products. This evolving landscape has also created a fertile environment for private players and start-ups to innovate, offering solutions that simplify and enhance the investing experience.
Tech-first platforms today make investing simple and accessible, offering jargon-free insights into financial products such as mutual funds, stocks, and ETFs.
Diese Geschichte stammt aus der January 19, 2025-Ausgabe von Business Today India.
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Diese Geschichte stammt aus der January 19, 2025-Ausgabe von Business Today India.
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