India's Wealth Creation Engine Is Just Warming Up

Angel One CEO Ambarish Kenghe has revealed a stark truth: despite the surge in retail investing, Indian households still allocate only 5-8% of their net worth to equities. Compare that to 44-45% in the US, and the gap becomes a multi-decade opportunity. This is not a short-term trend — it is a structural shift that will redefine India's financial services landscape for the next 25 years.

Kenghe's data points are a wake-up call. With 50% of household wealth locked in real estate, 15% in gold, and 15% in fixed deposits, the potential for equity migration is enormous. As India targets developed nation status by 2047, the World GDP growth contribution from India is projected at 30% — a $30 trillion addition. The question is not if, but how fast the equity allocation will rise.