Is there a bubble waiting to burst in India?
Behind the Money
Topher Forhecz
4.4 • 350 Ratings
🗓️ 14 August 2024
⏱️ 22 minutes
🧾️ Download transcript
Summary
Indian equities are soaring right now. The country’s benchmark Nifty 50 index has doubled in just five years, beating out the pace of Japan, China and even the US. And it’s all being driven by millions of domestic investors who are piling into the market for the first time. But this boom has regulators sounding the alarm. The FT’s Mumbai correspondent Chris Kay explains why a bubble might be forming and what could happen to these first-time investors if it bursts.
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For further reading:
The young investors gambling on Indian stocks
Investors bet an election win by Narendra Modi will extend India’s stock market boom
India closes in on China as largest emerging market
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On X, follow Chris Kay (@christopherkay) and Saffeya Ahmed (@saffeya_ahmed).
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Transcript
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| 0:00.0 | Behind the money from the FT is supported by InSignis Cash, the smart way to shield your money. |
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| 0:24.0 | Hi, this is Pia Sundar. |
| 0:29.0 | Welcome to the special episode where I'm going to talk is it time to buy stocks. |
| 0:36.1 | What you're hearing right now is a clip of a YouTube video |
| 0:39.8 | posted by a man named PR Sundar. |
| 0:42.8 | When you come to investing, I am a very conservative investor. |
| 0:46.8 | So I am not a very speculative investor. |
| 0:50.0 | Sundar is sitting at his desk. |
| 0:51.8 | He's dressed in a collard button down shirt |
| 0:53.7 | and square-rimmed glasses. |
| 0:55.8 | He looks like a professor. |
| 0:57.4 | It's quite school, like, it's like imagine sitting in a classroom of him. |
| 1:01.9 | This is the FT's Mumbai correspondent Chris Kay. |
| 1:04.7 | He puts out videos. Some of them are pretty basic, short, others are kind of longer length, |
| 1:10.5 | you know, like 40 minutes and they're kind of just running through either market |
| 1:14.9 | trends or sort of technical advice. |
| 1:18.0 | And what Sundar's promising in this video is something that sounds a little bit unbelievable. |
| 1:23.0 | I'm going to teach you how to make 100 crore. |
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