Individuals have been displaying a new appetite for equity and other financial assets for the past year or more, as seen in the burst of new investment folios that have been set up and large sums of money going into mutual funds. Earlier, when inflation was high, households were opting for physical assets like gold and real estate. As price levels have stabilised, the trend appears to be shifting in favour of investment in assets that make funds available for productive uses. This is good for the Indian economy and is to be welcomed wholeheartedly.
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