Primus Research Calls for Broader Retail Participation in Capital Markets to Accelerate India’s Viksit Bharat Journey

Primus Research has released its latest thought leadership report, “From Savings to Stakeholding: Deepening Capital Market Participation for Viksit Bharat @2047”, examining why broader retail participation in capital markets will be critical to supporting India’s long-term economic growth and wealth creation ambitions.

The report highlights that while India continues to maintain one of the world’s highest household savings rates, only a small portion of these savings flows into equities and market-linked instruments. Based on primary research and interactions across diverse demographic groups, the study finds that low financial confidence, trust deficits, concerns around fraud, misinformation, and perceived complexity of investment products remain key barriers preventing wider participation in capital markets.

The report further explores how increasing retail participation can help channel domestic savings towards productive sectors such as infrastructure, innovation, MSMEs, and employment generation, while enabling households to participate more meaningfully in India’s growth story. It also outlines recommendations around investor education, financial literacy, simpler investment journeys, stronger investor protection mechanisms, and technology-enabled financial guidance to improve confidence and participation at scale.