Indian market participation has grown more in the last 4 years than in the preceding decade. All this growth has come post-pandemic.

This chart from @theeconomist shows how Indian markets have grown. Here are a few data points.

Indian household assets.

NSE has 9 crore unique PANs, which is a reasonable estimate of total unique investors. We have about 4.39 crore unique mutual fund investors.

Link to the full article.

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