This refers to Akash Prakash's article "India's huge vulnerability" (February 28). The idea is quite simple that there are huge funds available to be reaped if the market is regulated properly and scams are avoided. There were a couple of such incidents that warded off a multitude of small investors after a sudden loss of their savings. We should not forget the savings habit of Indians, and that all this money can be easily routed with the support of strong regulators. There is no element of surprise that every Bollywood movie, of any nature, grosses about Rs 100 crore in a week's time. There is a huge flow of money in events such as the Indian Premier League. If you add all these small scams, the total would be magical. The amount of cash that is intermittently hauled up in raids is of unbelievable volumes. So there is no dearth of money. Also, we have not yet made significant inroads in the insurance market. These are clear indicators that we are yet to establish better modes of investment, bring awareness among investors and draw their confidence with regular support.
Vinay Singhal Gurgaon
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