The Wealth Effect of India’s Stock-Market Boom
- On 23 July, Finance Minister Nirmala Sitharaman announced higher taxes on stock gains, causing a brief market crash that quickly recovered. - The Indian stock market has tripled since April 2020, driven by individual investors who are now experiencing a 'wealth effect' and increased spending. - A survey by The Ken reveals that one in five investors has seen their spending outpace their income due to market gains, leading to a rise in luxury purchases and experiences. - Confidence among investors is high, with many planning for early retirement and shifting investments from fixed deposits to equities. - Despite the optimism, some investors are cautious, fearing a market correction due to the disconnect between stock prices and economic fundamentals. Source: The Ken
Discover More
Curated from across
News Discussion on
by Thomas_Shelby
Swiggy
Watch before it’s too late…
Love him or hate him, but please watch the video once. This increasing dictatorship has to end.
Explore the intricate dynamics of democracy in India with our latest video, where we scrutinize the growing concerns around the 'One Nation,...
https://youtu.be/Y9253_M38Xk?si=Mu4UnzKl-jg7ZAym