Big Take Asia podcast

As India’s Stock Market Surged, So Did Investment Scams

On today’s Big Take Asia podcast, the dark underbelly of India’s retail investing boom, and what it means for the future of the country’s stock market.

Over the years, individual investors have increasingly turned to India’s stock market to grow their wealth after the regulator took several steps to boost interest.Photographer: Dhiraj Singh/Bloomberg

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By K Oanh Ha, Naomi Ng, Yang Yang, and Grace Jennings-Edquist

April 2, 2025 at 3:55 AM UTC

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India’s historic stock market surge sparked a retail-investing frenzy that minted millionaires. But the boom also became a breeding ground for financial scams.