A huge surge in retail investor participation has been witnessed in Indian capital markets over the past several years, and much of it could be attributed to the growing middle class coupled with rising financial literacy.
This growth marks an impressive increase from 16.9 crore (169 million) accounts just eight months prior, reflecting a significant surge in retail investor participation in the Indian financial markets.
New Delhi [India], Dec 25 (ANI): Investment information firm ICRA estimates the brokerage industry revenue growth rate to remain muted at two to five per cent compared to year-on-year growth of three per cent in FY19 and 30 per cent in FY18.