As of June 2024, the number of Demat accounts in India's stock market was 16.2 crore. This is a significant increase from March 2020, when there were only 36 million Demat accounts.
When you see the growth of Perplexity :
โข January 2024 -> $520 Million
โข April 2024 -> $1 Billion
โข June 2024 -> $3 Billion
โข December 2024 -> $9 Billion
โข This growth is carried out by searching with the help of
Appleโs revenue over the last few years:
2020: $294.1B
2021: $378.32B
2022: $387.54B
2023: $385.71B
2024: $395.76B
2025: $400B (projected)
Do you see the same thing I see?
"Inflation in India over the last 2 decades"
To easily understand this, consider the example of milk.
Litres of milk you could have gotten for 100rs over the years
2005 = 6 litres
2010 = 4.2 litres
2015 = 2.6 litres
2020 = 2 litres
2024 = 1.8