Daily O

How Modi government failed to spot its biggest success story

It could have helped mend India's investment behaviour post-demonetisation.

What is the biggest people-driven success story in the past three years? Cutting across the claims, facts and perceptions, undoubtedly, the most genuine accomplishment of recent years has been a silent and diligent synergy of small savings and the rising stock market.

In the past three years, the burgeoning middle class of small towns has been bolstering the Indian stock markets by investing in mutual funds and thus creating the much-desired small investment revolution or financial inclusion of a different kind.

The surprising element of this feat is that the government paid no heed to

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