The Indian economy saw strong growth in the first quarter, leading to improved employment numbers. The unemployment rate in urban areas decreased to 6.6% in the April-June quarter, compared to 6.8% in the previous quarter. Female labor force participation also increased to 23.2% in urban areas.
Why Indians need active portfolio management to create real wealth
Recent analysis of over 400,000 mutual fund portfolios reveals that 65% fail to meet their benchmarks, causing long-term wealth erosion, especially for High Net-Worth Individuals