National Stock Exchange (NSE), India’s first dematerialized electronic exchange, received 50 lakh plus new investor registrations in the current fiscal year, said its chief Vikram Limaye. He said that this is close to 62.5 per cent of the total new investor registrations noted in the previous fiscal year (2020-2021), which totalled about 80 lakh.
He said that this is close to 62.5 per cent of the total new investor registrations noted in the previous fiscal year (2020-2021), which totalled about 80 lakh.
Direct retail participation has gained strength during the last few years which has resulted in a rise in new investors and an increase in individual investors’ share in the overall market turnover.
Limaye in his Independence Day speech, addressed, “NSE’s elaborate investor education programme in over 600 cities, significantly enhancing financial literacy pan India, thereby leading to improvement in retail participation, and the continued surge in equity markets, has led to NSE witnessing 1.70 crore investor registrations in the last two years.”
The average daily turnover in NSE’s equity registered a growth of 70 per cent whereas equity derivative segments witnessed 32 per cent growth in the last fiscal, as a result of increased engagement from the retail sector, he said.
“India’s young demographic is its greatest asset, which can strengthen its competitiveness and influence globally. As India progresses towards becoming a self-reliant nation, we all need to strive towards building the right environment and infrastructure conducive for long-term sustainable growth and development,” Limaye said.
On the completion of 30 years of economic liberalisation, Limaye said: “Two important developments that contributed significantly to capital market development during the liberalisation policy of the 1990s were the establishment of the market regulator — the Sebi and demutualization of stock exchanges.”
He also mentioned that the launch of the Goods & Services Tax (GST) regime has revolutionised tax structure and facilitated a single unified market, the introduction of the Insolvency and Bankruptcy Code (IBC) provided a formal resolution framework for debtors and creditors, whereas initiatives like Make in India and Startup India encouraged manufacturing and entrepreneurship in India. These measures may provide fresh momentum to the Indian economy.