Technology advancement is spurring more people to enter the Indian markets that are now brimming with new investors, most of which have started investing over the past two-three years especially during and in the aftermath of Covid-19 pandemic.
“Today we have 80 million direct investors in the stock markets, 80 million unique PANs, which will soon become nine crore,” said NSE Managing Director and Chief Executive Officer Ashish Kumar Chauhan.
Speaking at a national workshop organised by Association of Investment Bankers of India, Chauhan highlighted that India is the only large ID market in the world where “we know exactly which person is placing order, on whose behalf the order is being placed.” He added that NSE has 160 million – 170 million accounts in total, which after removing duplication, leaves 8 crore unique accounts.
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And more over, the number of investors is increasing, he added. Most of these investors have started investing over the past two-three years especially during and after the Corona virus pandemic broke out. In fact, more people are now saving through investment in stocks markets thanks to mobile phones and applications, he added.
Out of these 80 million investors, Chauhan further explained, 50 million are unique households. This means 17% of all Indian households put together are directly investing in Indian stock markets, largely through IPO markets, he said.
Chauhan pegged advances in technology to be only cause for creating wealth. “Any society which develops new technologies or more importantly adapts to new technologies is a society which is going to create more wealth vis-à-vis other societies,” he said. Technology is the only thing that will change and the new waves of transformation will now be faster, thus creating more wealth going forward.
Chauhan also pointed out that India is a “unique” country where market capitalisation to GDP ratio is 1:1, which means that more activity is become financialised.
