India's retail investor boom draws millions into stock market, but experts warn of risks
Millions of first-time investors in India are entering the stock market. According to the Securities and Exchange Board of India, the number of unique investors rose to about 136 million as of late last year, up from around 40 million seven years ago. Analysts say this influx of retail investors has helped increase liquidity and boost demand for new listings. But some have warned that there are risks in a country where financial literacy rates are low. Experts say the retail investment boom has led to inflated demand for some IPOs and also driven some potentially risky, speculative activity. Rebecca Bundhun reports from Mumbai.
Millions of first-time investors in India are entering the stock market. According to the Securities and Exchange Board of India, the number of unique investors rose to about 136 million as of late last year, up from around 40 million seven years ago. Analysts say this influx of retail investors has helped increase liquidity and boost demand for new listings. But some have warned that there are risks in a country where financial literacy rates are low. Experts say the retail investment boom has led to inflated demand for some IPOs and also driven some potentially risky, speculative activity. Rebecca Bundhun reports from Mumbai.
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