look news india
In terms of investing in the stock market, the number of people in North India is increasing rapidly. Whereas the number of people from Gujarat and Maharashtra has surprisingly decreased.
It is told that this trend has changed after the Corona epidemic. Earlier the number of investors from Uttar Pradesh was 23 lakh and in 2019-20, the contribution of Uttar Pradesh in total investors was only 7.4 percent. But now this number from Uttar Pradesh has increased to 1.1 crore and the share has increased to 11.1 percent. Meanwhile, a decline has been observed in the number of investors from Maharashtra and Gujarat. With 1.67 crore investors, Maharashtra's investment share in the stock market has increased to 16.8 percent. Which was less than 19.2 percent in 2019-20. Whereas this share from Gujarat, which has 87 lakh investors, was 12.2 percent in 2019-20, which has now come down to 8.8 percent. The number of North Indian investors in the National Stock Exchange has increased four times since the year 2019-2020. Which is attributed to good internet connectivity and increased financial literacy.
Rajma-rice and chole-bhature are seen gaining momentum along with vadapaun and dhokla. North Indian savers are now moving beyond traditional investment sources of money and gold and investing in the stock market. There has been a rapid change in this matter after the Corona epidemic. After the spread of Kovid-19, people of the North and East are seen investing more in the stock market. Based on the data, it was found that after 2019-20, the total number of people of this sector in the stock market has increased to 3.57 crores till July 31. In comparison, the number of investors from the country's financial capital Mumbai and the leading state of business, Gujarat, has increased three times. But this number is less compared to North India. That is, while 3.57 crore investors have been registered from North India, the number of investors from Mumbai and Gujarat has been recorded at 3 crores. Whereas the number of South Indian investors has been recorded at two crores. In which an increase of 172 percent has been seen from 2019-20. The number of investors from the East has also increased almost fourfold, led by the Northeast, Odisha and West Bengal. In four years, 89 lakh investors have joined from these sectors. Apart from the rise in per capita income and the use of Aadhaar, better internet connectivity and increased financial literacy have helped democratize the entry into the stock market. Earlier it was seen that people investing in the stock market came only from metro cities. This year, from April 1 to July 31, 33.3 lakh investors from North India joined the stock market. While this ratio from East India and South India was found to be 19.6 lakh and 14.9 lakh respectively.