India is undergoing an astonishing stockmarket revolution

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 boundaries to entry falling, roughly 100m individuals not far above the poverty line have turn out to be capitalists, proudly owning tiny stakes in publicly traded corporations. One in 5 households at this time 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.