On 25th May 2021, the Indian Stock Market touched a meteoric market capitalization of $3 trillion for the first time. Amidst the bulls and the bears, lies a large industry that sells narratives and wealthy dreams to the common man. Sagas that make young salaried professionals start their first SIP. Fears make businessmen check the stock prices repeatedly. Desires that even The Dalai Lama cannot escape if he turned off the television. It’s the industry of hope, and none of us is out of its reach.
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The $3tn Ponzi scheme
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On 25th May 2021, the Indian Stock Market touched a meteoric market capitalization of $3 trillion for the first time. Amidst the bulls and the bears, lies a large industry that sells narratives and wealthy dreams to the common man. Sagas that make young salaried professionals start their first SIP. Fears make businessmen check the stock prices repeatedly. Desires that even The Dalai Lama cannot escape if he turned off the television. It’s the industry of hope, and none of us is out of its reach.