India, Oct. 6 -- We seem to be obsessed about equities, stock market indices, domestic and foreign factors that may impact stock valuations, market capitalisation, interest rates, inflation, GDP growth, and so on. But as a recent survey (2025) by SEBI (Securities and Exchange Board of India), the market regulator, along with several stakeholders, indicates, we are in a minority. The vast percentage of the Indian population does not care about the markets. A third of the Indians has not even heard of something we think is common jargon, like stocks, and mutual funds. One can forget about the esoteric ones like derivatives, bonds, and real estate investment trusts.
For instance, slightly less than two-thirds of the over 300 million household...