In India, for a large group of investors, the gamut of investing has been confined to the realm of risk-free investment instruments. The older generations in India perceived asset classes that carried any element of risk with a pinch of mistrust. While those investment strategies may have borne results to varying degrees, more and more investors, especially from younger age groups, are acknowledging that diversification is vital for a successful investment journey. Portfolios, where weightages are heavily tilted towards one or two assets, can find it difficult to withstand the undulations of the market.
India will be superpower by 2047, but not high-income economy: Martin Wolf
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