Ashish Chauhan, MD & CEO of NSE, revealed on Friday that only 30 pin codes in India have no investors. He noted, “There is a theory that countries with low per capita income cannot have good capital markets. But today, there are only around 30 pin codes, most of them airports, where people do not stay for even a full day,” as reported by Moneycontrol.
Chauhan made these remarks at the 21st Annual Capital Markets Conference, CAPAM 2024 – Capital Market Reforms 2.0 for the Viksit Bharat event in Mumbai, organized by the Federation of Indian Chambers of Commerce & Industry.
He highlighted the surge in public interest in capital market investments, which has grown from two million to 100 million direct investors. Chauhan also celebrated Nifty reaching 25,000 points for the first time, attributing this milestone to 30 years of hard work.
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