Saving is just not enough, start investing

Historically, it is being perceived that Indians save very intensely and they are very conservative spenders. Maybe that was the case in the past, but it is not necessarily true as of now. We are the beneficiaries of the way our parents saved but Indians are no longer the kind of savers that they used to be earlier. There are a variety of reasons why our parents save so intensely. First, they did not have as many spending avenues and secondly, easy-credit and easy-loan facilities such as credit cards and Buy Now Pay Later were not available. Things have changed quite dramatically now. Today, you can buy everything and anything at your neighbourhood shop or at online shopping portals with sales and discounts which incentivise purchase. We have seen our parents waiting for many years before they buy their scooter, car, or any other big-ticket item. No lon

This article was originally published on April 26, 2022.