A campaign by Narendra Modi's government in India is encouraging hundreds of millions of ordinary citizens to open bank accounts and invest some of their savings in stocks, as part of an effort to further stimulate India's already thriving economy.
As a result, domestic cash has flooded into the Indian stock markets over the last year, boosting the country's stock market cap by 50% to $2.3 trillion. This pushed the benchmark S&P BSE Sensex 36% higher last year with small-cap stocks soaring 64%. The NIFTY50 rally is back on course too, with the index having notched a +5.89% gain this month.
Domestic investors are now crowding out foreign investors for the first time in decades. Indian investors put more than $14 billion into Indian stocks through mutual funds (the most popular investment vehicle) last year, dwarfing $8 billion by foreigners.
Via: https://invstr.com/
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Good Post