India's urban areas are projected to contribute 70 per cent of gross domestic product in 2025-26, up from 45 per cent in the 1990s, according to a report by Dun & Bradstreet.
Manoj Vaish, who has put in his papers as chief executive officer of the Bombay Stock Exchange, would be joining Dun & Bradstreet South Asia & Middle East Ltd as president (financial services).
Many affluent young people are first-generation wealthy. They have limited financial literacy, lack quality financial guidance or role models, and often fall prey to mis-selling. This makes them hesitant to invest in high-return assets like equities.