Question: India has emerged as the most Investment-Savvy Economy in Asia, which of the following institution carried out this study?
(a)World Bank
(b)IMF
(c)Standard Chartered
(d)RBI
Answer: (c)
Related facts:
- According to a study “The Emerging Affluent Study 2018– Climbing the Prosperity Ladder” by Standard Chartered, India has emerged as the most investment-savvy economy in Asia.
- The study says that over two-third of the country’s affluent class prefers to make use of various investment products to meet their financial goals and greater social mobility.
- The study examined the views of emerging affluent consumers from 11 markets across Asia, Africa and the Middle East.
- About 63% of these people in India prefer investing in financial products as part of their long-term financial plan to meet financial goals and boost their personal wealth. Another popular strategy adopted by these people was career progression and increment in salary (44%), followed by starting a new business (25%) to increase their wealth.
- While approximately 31% of emerging markets affluents in India are choosing mutual funds to meet their financial goals, about 25% are selecting fixed-income investments and 22% are choosing equity investments.
Standard Chartered:
- Standard Charteredis a British multinational banking and financial services company headquartered in London, England.
- It is a universal bankwith operations in consumer, corporate & institutional banking, and treasury services.
- Despite its UK base, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa and the Middle East.
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