Entry of Indian Millennials into Stock Market Post Pandemic: A Boon or Bane

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.