12 SEP,2022 | MEDC
India's demat account tally officially crossed the psychologically significant 100 million mark this week, as per data released by the public depository firms NSDL and CDSL. A sharp surge in the market, shift to the work-from-home culture, and an increase in mobile and data penetration has contributed to this growth. The demat account trajectory reflects the rising investor confidence in the economy. Many Indian companies are now issuing IPOs, and that also probably explains the growth in demat accounts. The resilience of the domestic market in the face of global financial turbulence is creditable.Investors throughout the country are now contributing to India's growth story.Recalibrating policy priorities inboth the fiscal and monetary spheres will help further boost investor confidence in India.