Zerodha, Groww and Other Indian Brokerages Tap GIFT City for Global Investing as Domestic Growth Moderates
India, June 16 -- India has witnessed a giant surge in investments, with demat accounts rising from around 40 million in 2020 to over 190 million now. But very few investors are investing outside India at the moment.
This is a significant opportunity. With GIFT City making it easy for investors' pursuit of global opportunities, these platforms can now offer international stocks and take their business beyond India.
How Will They Make Money?
Global investing is a game changer
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Platforms earn on currency exchange (roughly 0.5 percent to 1.5 percent)
They impose a tax on international trade
Investors are more likely to invest in the world
It could increase the total amount of money these companies make when a small p...
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