deepakraam
Deepak Narayanan
I wud say "NO" to the above statement.Though the country is growing at ~ 9% per annum still many people dunt have regular annual income.Still retail participation in the Stock market is very small when compared to our dragon neighbour.Only HNIs,FIIs and large corporates rule the market.Even there are people who are nt willing to park their funds in mutual fund industry bcos lack of awareness.This is very much evident in the AUM of Indian Mutual Fund compared to the global scale.We are the second most populated country in the earth but in the Assets in the Mutual funds are nt even 1/20th of the global basis.
On an average,Americans save 10-20% of the monthly income.We don't do such savings.Banks which claim in the net profit and net revenues are mainly bcos of the disposal of the personal loans.Even though disposable income has increased,we don't have any discipline in savings.We need to be more cognitive in our savings approach.
Real progress comes only when majority of the population is involved.
Watz ur view?
-Deepak.
On an average,Americans save 10-20% of the monthly income.We don't do such savings.Banks which claim in the net profit and net revenues are mainly bcos of the disposal of the personal loans.Even though disposable income has increased,we don't have any discipline in savings.We need to be more cognitive in our savings approach.
Real progress comes only when majority of the population is involved.
Watz ur view?
-Deepak.