India’s economy raises strongly
The country’s economy is going to change at a very fast pace in the next few years. A big international report says that the money that will come out of the houses of India, will reach the market directly and will put a new life. This claim has been made by the world’s famous financial company Goldman Sash in its latest report. According to the report, about 830 lakh crore rupees will be invested in schemes like bank, insurance, stock market and pension due to savings of Indian families in the coming ten years. That is, now people will not only get their money in land-property or gold, but will also put a place from where they will also get better returns and they will also contribute to the progress of the country. If this estimate proves to be true, then India’s economic pace can be so fast in the coming years that the whole world will be shocked.
Investment will be made wisely
Goldman Sash says that now people in India are saving more than before. Earlier this savings were 11.6% of the country’s income i.e. GDP, but now it can increase to 13%. This means that instead of keeping their money in the house or implicating them in land and property, they will invest it in such means from which their money will increase and will also work. This change in this thinking can prove to be very good for the country.
Money will flow in insurance, bank and market
It has been said in the report that people will invest the most money in insurance, pension and retirement funds. These plans run long and are useful when they are elderly. There may be an investment of about 4 trillion dollars in these schemes. There can be about 3.5 trillion dollars in banks too, due to which banks will be stronger and will be able to give loans to more people. Apart from this, 0.8 trillion dollars are also estimated to come in places like stock market and mutual funds. This will speed up the market and help companies to increase their business.
The report says that as the income of the people increases, they invest money wisely. Earlier people in India used to invest most of the money in land and property, but now they are moving from them towards insurance, bank and market. The same has been seen in other countries-as people are educated and aware, they invest their money more carefully. India has also started on the same path.
The country will have many big benefits
The country will have many big benefits with this new thinking and investment. First, companies will be able to raise money. Right now, companies have to take loan from abroad to start or increase business, but when people of the country only invest money, this need will be reduced.
Second, when the government raises money for things like road, bridge, hospital, it will also get funds with the help of domestic investors. The government that sells a bonde, will also be sold easily. Third, when people invest money in stock market or mutual funds, they will also need advice. This will also increase work for people like expert and financial advisor.