It is the largest-ever experiment in participatory capitalism. As India’s stockmarket has surged, households have scrambled to stake a declare in its success. With obstacles to entry falling, roughly 100m folks not far above the poverty line have turn into capitalists, proudly owning tiny stakes in publicly traded corporations. One in 5 households right this moment holds shares, up from one in 14 simply 5 years in the past. The quantity is about to rise additional. In response to India’s monetary regulator, a brand new mutual fund with a minimal month-to-month contribution of 250 rupees ($3) will quickly be launched.
