Gold played a significant role in wealth creation contributing 22% to the accumulated wealth
November 13, 2024 - Indian households have invested only 3% of their total wealth, or balance sheet, in equity, but have earned one trillion dollars (about 84 lakh crore rupees) from the stock market over the past decade.
According to a report by global investment bank Morgan Stanley, Indian households have accumulated approximately 8.5 trillion dollars (around 720 lakh crore rupees) in wealth over the past decade, with 11% of this coming from equity. If founders are included then Indians earned a total of 9.7 trillion dollars during this period, with equity contributing 20%, or two trillion dollars, to this income.
Morgan Stanley noted in its report that Indian households are currently investing less in equity, but this figure could grow into double digits in the coming years. India's share in the global market cap rose from a low of 1.6% in 2013 to 4.3% in November 2024, making it the second-largest market among emerging economies. Gold has also played a significant role in wealth creation for Indian households over the past decade, contributing 22% to the accumulated wealth. Property still remains the largest part of the balance sheet, but its performance has been relatively poor.
Source: Media Reports
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