Behind the Money

Is there a bubble waiting to burst in India?

Indian equities are soaring right now. The country’s benchmark Nifty 50 index has doubled in just five years, beating out the pace of Japan, China and even the US. And it’s all being driven by millions of domestic investors who are piling into the market for the first time. But this boom has regulators sounding the alarm. The FT’s Mumbai correspondent Chris Kay explains why a bubble might be forming and what could happen to these first-time investors if it bursts.  - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:<a href="https://www.ft.com/content/398fde10-6e63-4b01-b834-1897d6265dcd" rel="noopener noreferrer" target="_blank">The young investors gambling on Indian stocks</a><a href="https://www.ft.com/content/b063ddcd-894f-4e10-a880-0aefd688c5e1" rel="noopener noreferrer" target="_blank">Investors bet an election win by Narendra Modi will extend India’s stock market boom</a><a href="https://www.ft.com/content/3f34e4f7-b9a5-4508-80ed-bfda414f9324" rel="noopener noreferrer" target="_blank">India closes in on China as largest emerging market</a>- - - - - - - - - - - - - - - - - - - - - - - - - - On X, follow Chris Kay (<a href="https://twitter.com/christopherkay" rel="noopener noreferrer" target="_blank">@christopherkay</a>) and Saffeya Ahmed (<a href="https://twitter.com/saffeya_ahmed" rel="noopener noreferrer" target="_blank">@saffeya_ahmed</a>). <a href="https://www.ft.com/content/4af2f982-b16d-472c-ac56-cb9275438bc5" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

From hostile takeovers to C-suite intrigue, Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the world. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.