Today there is a major aspirational class in India that wants to invest for growth… According to the Association of Mutual Funds, the assets under management of the mutual fund industry in India in 2014 were around ₹10 lakh crore. In these eight years, by June 2022, it has increased by 250% to ₹35 lakh crore. That is, people want to invest. They are ready for it”. This was Prime Minister Narendra Modi speaking at the inauguration of the International Bullion Exchange in GIFT City, Gandhinagar on July 29.
