In the frenzied debate about what is happening to the Nifty and Sensex and why, many are probably missing the big picture. What is the total number of investors participating in the stock market ecosystem directly or indirectly today – as compared to, say, 2020? And what do their numbers mean to the companies in this ecosystem? Here are a few important questions, and their answers: Has the stock market ecosystem changed? Yes. Is every player in it equal? No. Will their journey of growth and risk be equal? No. But will all of them grow? The answer is yes. Some will grow more, some less. Some will grow every year at the same pace, others will have phases where there will be headwinds and growth will fall short of the street’s expectations. But their bottom lines will surely grow.
