Trillion-$ trick: India could be just one policy tweak away from a tectonic shift in money matters
The key focus should be to direct first timers, the Robinhood traders, to the equity markets to build wealth over the long-term.
It is 2021, the Sensex has touched 50,000 from an initial value of 100 in 1979, i.e. 500 times over nearly 42 years, and Nifty is close to touching 15,000 from an initial value of 1,000 in 1995, i.e. 15 times over nearly 25 years. This is a CAGR (cumulative annual growth rate) of, approximately, 18% for Sensex and 13.5% for Nifty, including dividends.
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