As we surge forward on the path of economic growth, the finance and entrepreneurship landscape is also undergoing immense changes. The Indian economy is seeing some interesting trends. These trends aren’t just signals of change; they are the hidden opportunities for all of us. Let’s explore some trends set to redefine how we invest, borrow, and build our financial dreams. Let’s have a look at some of these trends.
BNPL
Buy Now Pay Later (BNPL) isn’t new; we have been doing this for ages (at our nearest stores). But today, we have BNPL platforms facilitating EMI payments on e-commerce websites. You know what’s the beauty of this concept? You don’t need a lengthy credit history or hefty bank balance. It’s designed with millennials in mind, making it accessible to all.
ETFs – Tradable Mutual Funds
Exchange-traded funds (ETFs) are like tradable mutual funds. ETFs offer lower expense ratios than direct index mutual funds, making them attractive for lump-sum investments. However, remember, you’ll need a DEMAT account to invest directly in ETFs.
P2P Lending – Decentralized Credit
Peer-to-peer lending is about borrowing and lending directly with your peers, just like You and me. It’s been in the informal economy for ages but is now emerging formally. P2P lending can be a game-changer, especially for those who struggle to access formal credit. Keep an eye on this space.
Digital Lending – The Future of Borrowing
Digital lending is on the rise, thanks to the surge in digital payments and innovative credit scoring models. It’s set to empower the underserved and unbanked populations, opening doors to financial opportunities.
Sustainable Finance – Investing with Impact:
Environmental, Social, and Governance (ESG) investing is gaining momentum. Finance professionals can weave ESG factors into investment strategies, while entrepreneurs can align their businesses with sustainability goals, attracting socially responsible investors.
So, keep yourself aware, stay curious, and tap into the power of these trends. Whether you’re an investor or an entrepreneur, these trends can help you grow faster and bigger! Stay connected for more!
