Leading stock exchange NSE, which helpedtransform country's deep-rooted savings tradition into equity culture,has witnessed over 50 lakh new investor registrations in the current fiscal, its chief Vikram Limaye said on Sunday.
This is equal to 62.5 per cent of the total number of new investor registrations, at around 80 lakh, that were added last fiscal (2020-2021),he added.
The NSE, which has been at the fore front of supporting the small organisations and retail investors, has witnessed over 50 lakh new investor registrations since April this year, Limaye said.
Direct retail participation has strengthened significantly duringthe last few years which has been reflected in a sharp rise in new investors and an increase in individual investors' share in the overall market turnover.
Limaye in his Independence Day address, said, "NSE's elaborate investor education programme in over 600 cities, significantly enhancingfinancial literacy pan India, thereby leading to improvement in retail participation, and the continued surge in equity markets, has ledto NSE witnessing 1.70 crore investor registrations in the last two years."
The average daily turnover in NSE's equity and equity derivativesegments registered a growth of 70 per cent and 32 per cent, respectivelyin the last fiscal, triggered by increasing participation from the retail segment, he said.
"India's young demography is its greatest asset, which can strengthen its competitiveness and influence globally. As India progresses towardsbecoming a self-reliant nation, we all need to strive towards buildingthe right environment and infrastructure conducive for long-termsustainable growth and development," Limaye said.
Referring to India celebrating 30 years of economic liberalisation,Limaye said: "Two important developments that contributed significantlyto capital market development during the liberalisation policy ofthe 1990s were establishment of the market regulator -- the Sebiand demutualization of stock exchanges."
He mentioned the launch of Goods & Services Tax (GST) regime thatrevolutionised tax structure and facilitated a single unified market,introduction of Insolvency and Bankruptcy Code (IBC) that provided a formal resolution framework for debtors and creditors and Makein India and Start up India initiatives that encouraged manufacturingand entrepreneurship in India and the latest PLI scheme and saidthese measures are expected to provide fresh momentum to Indian economy.