In America, a third of households prefer real estate, according to the US Census. Most of the allocation is to financial assets through retirement accounts and investments in the stock market through mutual funds or directly. That shows the confidence Americans have in their financial system. The US government deserves to be credited for creating an environment conducive for small savers to deploy their life savings into risky assets like equity. A robust retail market for equity and bonds makes America an attractive destination not just for Americans but for foreigners, too.
It is a no-brainer that India needs to have a robust financial system with vibrant capital markets if it wishes to realise the dream of being a developed country by 2047. It is a challenge like none other for a nation that has nearly 150 crore people.
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THE UNSPOKEN PAIN OF BACHELORS
AT one point in the distant history of our glorious nation, Brahmacharya or bachelorhood - was revered by our ancestors.
Electric with 8
This powerhouse family sedan is for those who like a family car with heaps of performance
Gill returns to batting in nets post thumb injury ahead of PM XI tie
AS India are getting ready for the two-day pink ball game against the Prime Minister XI in Canberra, Shubman Gill returning to the nets came as good news for the selectors and the team management.
Top guns Sindhu & Lakshya stroll into semifinals
STAR Indian shuttlers PV Sindhu and Lakshya Sen moved a step closer to clinching the women's and men's singles titles respectively, registering straight-game wins to advance to the semifinals of the Syed Modi International Super 300 badminton tournament here on Friday.
Shamsher, Whetton to be Delhi co-captains
DELHI SG Pipers on Friday appointed experienced Australian and three-time Olympian Jacob Whetton and India's double Olympic medallist, Shamsher Singh, as co-captains of their men's team for Season 1 of the revamped Hockey India League (HIL).
East Bengal post 1st win of season
EAST Bengal FC ended their winless run as they edged past NorthEast United FC 1-0 at the Vivekananda Yuva Bharati Krirangan in Kolkata in the Indian Super League (ISL) on Friday.
CT may be moved out of Pak as PCB firm on 'no hybrid model'
AS Pakistan Cricket Board stuck to its no hybrid model stand during the ICC board meeting on Friday, chances of moving the tournament out of the country grew manifold.
FOURTH GAME STALEMATE
Gukesh settles for a draw vs Ding; over to Game Five at World Chess Championships match
DLF to sell Kolkata Tech Park 1 to RDB Primarc Techno Park for â¹637 cr
DLF, the country's largest real estate company, is selling its Kolkata Tech Park 1 business undertaking to RDB Primarc Techno Park LLP (An affiliate of Primarc & RDB group), on a slump sale basis for an aggregate consideration of â¹637 crore.
Amazon workers in India join Black Friday strike
CLOSE to 200 warehouse workers and delivery drivers from Amazon gathered in New Delhi, protesting against poor wages and working conditions.