New Delhi, Oct. 11 -- India is set to add 10 crore long-term investors by 2035 as wealth creation expands to tier 2 and 3 cities, according to EY India's 'Wealth inclusion in India: Expanding investor participation beyond metros' report.

It further noted the untapped potential: India currently has over 55 crore active UPI users, compared to the 6.2 crore mutual fund investors and about 5 crore active equity market participants. "The gap indicates that while digital access has scaled rapidly, broad-based wealth participation is still at an early stage," it stated.

Given the potential, the report added that for India's wealth inclusion agenda, expanding participation could require more than creating awareness of investment products. "It c...