Compounding is a powerful financial concept that can help you grow your wealth over time in India or anywhere else in the world. It involves earning interest or returns on your initial investment (the principal), as well as on any interest or returns that you’ve previously earned. Here’s how you can make compounding work for you in India through money management.
The earlier you begin investing or saving, the more time your money has to compound. Even small amounts invested consistently can grow significantly over time.