Behind India's stock market rush

Indian 'WealthTech' segment to be $60 bn opportunity by FY25: Report Acc. to latest RedSeer Consulting Report, Indian 'WealthTech' market is expected to grow 3 times to about USD 63 Bn by FY25 from USD 20 Bn in FY20, driven by increasing adoption of digital platforms and growing base of investors. As on date , only 2% Indians invest in stocks at present, compared to developed economies like the US, where 55% Americans invest in stocks. Wealth Tech includes digital platforms that enable 'end-to-end digitisation' of the investment journey of a retail investor. This entails a customer self-onboarding on the app/web, investing as well as redeeming digitally. Currently India has about 4 Mn wealth-tech investors (FY20) and the number is expected to grow by 3x to reach about 12 million by FY25. This growth will be driven by high awareness and usage of digital platforms across equity and mutual fund investments; rise in investors from 'Bharat' (tier-II cities and beyond) driving adoption of digital platforms and digital-savvy millennials. #ramrastogi Shlok SrivastavSunil Srivastava