23 January, 2021

Pachinko Parlor

Market is the anthem. Small investors are analysing avenues to multiply their savings.

Narendra Bisht
Pachinko Parlor
outlookindia.com
-0001-11-30T00:00:00+05:53
How does one measure the feelgood factor? Are Indians truly in a positive mode or is it just hype? How does a rising rupee or the booming economy actually affect the common man? The fact is that the saving and investing scenario in India has undergone a shift. Despite the fact that only two per cent of the population is exposed to stockmarkets, the number of those getting clued into equities is increasing. And most of the people are re-analysing the avenues of investment that they were comfortable with.

Reducing interest rates, lower yields from fixed return products, increase in tax exemption limits, increase in peak income tax rate touching 35.1 per cent in 2000-01 (settling at 33.6 in the last three years) and a booming economy with higher salaries has thrown up many choices for the brave new Indian. Today, there are over a dozen insurance companies, over 30 mutual fund players (each offering dozens of schemes), more private banks and a financially literate population that is gradually shifting from the conservative mindset to the more realistic mindset of a market-linked...

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