While India’s securities markets have witnessed a dramatic expansion over the past decade, retail participation still remains far below its potential, according to Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey.
Addressing an investor awareness programme in Bhubaneswar on Monday, Pandey said India now has around 145 million unique investors compared with just 38 million in FY19, reflecting the rapid deepening of capital markets participation. He noted that the country’s market capitalisation has surged from around Rs 95 lakh crore in FY16 to nearly Rs 463 lakh crore by April 2026, while the corporate bond market has expanded almost three-fold to Rs 59 lakh crore.
