Part 8/13:
Goldman Sachs estimates that these efforts could channel as much as $9.5 trillion over the next decade, substantially boosting India’s financial inclusivity. Small investors, including laborers and small traders, are beginning to participate in India’s $5.2 trillion stock market, fueling a ten-year rally in key indices. While the move offers promising avenues for wealth creation, it also carries risks. Many low-income investors are familiar with the safety of fixed deposits and gold, and there are concerns about financial literacy and the potential for mis-selling in a market where risk awareness remains limited.