When people think of Asian markets they usually think of China or Japan. However, there is another massive market that is home to a population of 1.3 billion people and grows its economy every year.
The Asian market, particularly the Indian market, has skyrocketed in popularity over the past few years. Popularity in the region can be explained by the fact that historically, Asia has been the best place for investment. Thanks to low inflation, high employment, and a resilient economy, more and more people are seeing the appeal of the Asian market.
The Indian economy is growing at a staggering 6.9% per year and, while it may be hard to believe, it has been 30 years since the country last had a financial crisis. In recent years, the Indian government has done much to improve its economic situation, leading to a self-confident trading community.
If you’re thinking of going long on the Indian stock market, here’s what you need to know.
The Growth Story Of Indian Equities
One of the major catalysts for the Indian stock market’s recent success has been the large scale adoption of equities investment by retail investors. Thanks to high quality research, helpful platforms, and educational tools, more and more people are learning to be active participants in the market.
A huge proportion of the Indian population doesn’t even have access to formal banking. Thanks to new online platforms that allow customers to open an account with just a mobile phone number, there has been a massive boom in online banking in the country. As a result, more and more people are learning to be active participants in the market.
Which Currency To Use?
There are several options for those who want to buy Indian stocks. The most popular ones are USD and EUR because they are widely available and easy to convert. If you’re looking to bet on a specific company, then you can use CNY (the Chinese Yuan) or even INR (the Indian rupee) because they can be exchanged at very favorable rates.
How To Read A Financial Report On Indian Stocks
If you want to get the most out of your investments, it’s important to be as informed as possible. Fortunately, there are reliable sources which provide investors with important financial information about the companies they’re investing in. One of the best resources is a free weekly report distributed by mail. It’s called the Bombay Stock Exchange (BSE) Investor’s Guide and it exposes you to all the important financial metrics of the companies covered on the exchange.
The guide is published every Thursday and it covers all the major news items that happened during the previous week. Additionally, the BSE’s website has live stock prices which are updated throughout the day. It’s a great place to be informed on current developments and to check the prices of the companies you’re following.
More Than Meets The Eye
Thanks to increased adoption and reliance on digital media, people today are well informed about the world around them. This has changed the way they consume information and, as a result, how they behave in the financial markets. The access to higher quality information has led to more demanding and informed customers who expect the best rates of return on their investments.
Simply put, people expect more these days. While it’s impossible to tell what industries will be impacted by digitization the most and which ones will be left behind, the financial markets are clearly adapting to these changing times.
The Indian stock market is a great place to be for those seeking global exposure. Thanks to its combination of large market sizes, low inflation, and economic growth, it has become a popular choice for people looking to enter the market.