India ranks as the world’s second-most “stock-obsessed” nation
- ByStartupStory | January 6, 2023
According to a study, India is the world’s second most stock-obsessed country. The study, conducted by the UK financial services supplier CMC Markets, examined Google Trends knowledge of search phrases frequently used by individuals in shares and trading. These phrases were then combined to provide each English-speaking country with a ‘total search score’ in order to determine which countries had the most shares in the previous year.
According to the findings, Singapore ranked first in terms of share trading and buying and selling. Singapore topped the list for its inhabitants having the highest search levels for the terms ‘stocks,’ ‘buy stocks,’ and ‘interest rate’ worldwide, with a total search rating of 555 out of a possible 700. Furthermore, Singaporeans seek the ‘stock market’ the third most in the world, trailing only the United States and India.
India ranks second on the list, with a total search rating of 492. The country has the second-highest proportion of its population searching for the terms “stock market” and “swing trading,” placing it second in the ranking.
Apart from Singapore and India, which ranked first and second, Canada ranked third, with the second-highest stage of searches for the time period ‘invest in stocks’. The United States of America is in fourth place, with a total search rating of 453 out of a possible 700, followed by the United Arab Emirates, Australia, South Africa, New Zealand, the United Kingdom, and Nigeria, which are in fifth, sixth, seventh, eighth, ninth, and tenth place, respectively.
The UAE has the fourth-highest search ranges for the time period ‘swing trading’ and is the fifth country most in ‘day trading’. Australia with a total search rating of 338 ranks sixth. Surprisingly, Australia is the country with the highest rate of ‘day trading,’ which means that they prefer to hold their shares for the shortest amount of time.
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