New Delhi, Sept. 30 -- EY India's latest 'Wealth inclusion in India: Expanding investor participation beyond metros' report notes that trends have evolved, and the country is poised to add 10 crore long-term investors by 2035 as wealth creation expands to tier 2 and 3 cities.

It added that the new investors can be credited to rising participation from smaller cities, young investors, women and digitally connected households. Further, Gen Z or investors under the age of 30 now comprise 38% of the investor base in India, up from 23% in FY19.

It added that despite the growth there is untapped potential, noting that India currently has over 55 crore active UPI users, compared to the 6.2 crore individuals investing in mutual funds and about ...