India's central bank on Friday hiked interest rates for the third time in four months, as Asia's third-largest economy contends with a widening trade deficit and weakening currency.
There are a new generation of investors in town. They are young, they get their tips on YouTube, and they are armed with apps that make the stock markets more accessible than ever before.
US-based Robinhood Markets Inc has made a splash in the West with its mission to open the markets to “everyday people,” but from Nigeria to India, Generation Z are flocking to homegrown equivalents.
“I don’t really care about my college, to be honest. It’s all market, market and market,” said Delhi student Ishan Srivastava, who began trading in December last year.
Srivastava uses a handful of Indian trading apps
Desperate for cash, many families and small businesses have been putting up gold jewellery - their last resort - as collateral to secure short-term loans to tide them over.
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