Different Strokes: Where Are the Investors?

The Indian capital market is narrow, shallow, illiquid and concentrated in the hands of a few individuals. Here is the evidence

Whenever I point out that India’s investor population has plummeted from 20 million in 1992, when we embarked on our economic liberalisation programme, to eight million (D Swarup Committee report 2009), the information is greeted with shock and disbelief even...

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