The Indian stock market has experienced a significant increase in unique investors, according to Ashishkumar Chauhan, CEO of the National Stock Exchange (NSE). Speaking at an Association of International Banks and Institutions (AIBI) event on Monday, Chauhan attributed this growth to the surge in mobile phone penetration and the popularity of trading apps.
The NSE currently boasts 80 million unique accounts, representing approximately 50 million households, or 17% of all households in India. Initial public offering (IPO) markets have served as a key entry point for these investors, indicating a shift from traditional physical assets to regulated financial investments. This aligns with the ongoing efforts of policymakers to promote financial inclusion and diversification of household savings.
Providing an interesting perspective on the scale of NSE's investor base, Chauhan compared it to a country's population. If NSE were a country, its investor base would rank it as the world's 20th largest nation. This comparison underscores the substantial influence and reach of the Indian stock market within the global financial landscape.
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