Entry of Indian Millennials into Stock Market Post Pandemic: A Boon or Bane
Rajat Rana
Rajat Rana, UG Student, Amity Law School, Amity University, Noida (U.P), India.
Manuscript received on 12 October 2022 | Revised Manuscript received on 25 October 2022 | Manuscript Accepted on 15 November 2022 | Manuscript published on 30 November 2022 | PP: 12-20 | Volume-2 Issue-2, November 2022 | Retrieval: 100.1/ijef.D2519111422 | DOI : 10.54105/ijef.D2519.111422
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© The Authors. Published by Lattice Science Publication (LSP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Since the pandemic pushed the economy to its knees, India’s youth population has been fueling a boom in the country’s investing environment, with millions of people switching to stock trading. Millennials in the country have been slowly buying equities, mirroring trends found in the United States and other major economies, as salary cuts, job losses, economic troubles, and increasing time at home have prompted the search for new sources of income. CDSL (Central Depositories Services I Ltd), one of India’s main securities depositories, reported a near 20% increase in new accounts in the six months after India imposed its first wave of coronavirus lockdowns, totaling more than 2.5 crores.
Keywords: Stock market, Millennial Investors, Retail Traders.
Scope of the Article: Capital Markets in Emerging Economies