'Only 30 out of 19,300 pincodes don't have NSE-registered investor'- Ashish Chauhan of NSE

Ashish Chauhan, MD & CEO of the National Stock Exchange ( NSE ) on Tuesday said that only 30 out of 19,300 pin codes in India do not have an NSE -registered investor. Speaking at the India Economic Summit 2024 taking place at the Republic Media Network Headquarters, Chauhan said that the government's initiatives have helped more investors to join the India growth story.

“Today India has 10.5 crore unique investors with 20 crore accounts on NSE ,”  he said, adding that there are “10.5 unique PAN number accounts is 20 per cent of India’s household.”

This number has quadrupled from 2.5 per cent pre-COVID times. "Today only 30 out of 19,300 pincodes do not have an NSE registered investor. This did not happen because the government forced it, it happened within,” he said.

This has happened not just because KYC is digitised but because India has become prosperous.

Chauhan said that someone sitting in Assam is today investing in a company in Tamil Nadu because of the digital infrastructure in the country.

“In the last 77 years of independence, India has become a more trustful nation, trusting its entrepreneurs,” he said.

He also added that there is no better service in the country than creating wealth and providing jobs which entrepreneurs do. Chauhan said that in 2014, wealth in the stock markets was Rs 64,000 crore. Today it is Rs 440 lakh crore.