Indian Investors Embrace AI and Financial Confidence Amid Debt Struggles

Indian investors have shown increased confidence in daily financial needs and are more willing to use AI tools for investments. However, they also struggle with debts. A survey reveals generational shifts in financial habits, with younger groups significantly favoring AI-driven financial services.

The latest survey by the World Economic Forum highlights a blend of optimism and caution among Indian investors. While India's investors are increasingly confident in meeting daily financial needs and are enthusiastic about using artificial intelligence for investment management, they face challenges with debt obligations.

Conducted alongside Robinhood Markets and Boston Consulting Group, the report uncovers a generational shift: Gen-Z and Millennials are significantly more open to AI managing their finances compared to Baby Boomers. Among Indian respondents, 62% trust AI with their financial information, marking a trend towards tech-driven financial services.

The survey underscores India's potential in the capital market landscape amidst limitations in banking infrastructure. It reveals a robust engagement in capital markets and a notable interest in cryptocurrencies over traditional investments. Generational learning also ties into financial habits, as younger investors are more educated in personal finance from an early age.

(With inputs from agencies.)