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 claim in its success. With obstacles to entry falling, roughly 100m people no longer a ways above the poverty line have change into capitalists, proudly owning dinky stakes in publicly traded companies. One in 5 households this day holds shares, up from one in 14 ideal 5 years ago. The number is determined to upward push extra. Consistent with India’s financial regulator, a recent mutual fund with a minimal month-to-month contribution of 250 rupees ($3) will soon be launched.

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