What’s behind India’s stockmarket rally?

India’s financial system is going through a rapid transformation. With the spread of fintech, and financial products aimed at small investors, millions of ordinary Indians who never before had access to capital markets now own tiny stakes in publicly traded companies. It’s fuelled the country’s remarkable stock market rally over the last five years. But is India’s financial system resilient enough to sustain this change? And what happens if things go wrong?

Hosts: Ethan Wu, Mike Bird and Alice Fulwood. Guests: The Economist’s Tom Easton; Saurabh Tripathi, Head of Financial Institutions at BCG in Mumbai; and Sundararaman Ramamurthy, CEO of the Bombay Stock Exchange (BSE).