Stock Market: North Indian investors increased four times in four years, investing money in the market instead of property and gold

New Delhi| People of North India are now investing money in the stock market instead of traditional investments like property and gold. This is the reason why the number of investors from North India in the stock market has increased four times in the last four years. Uttar Pradesh, Delhi and Rajasthan are at the forefront in this.

According to the data, North India had a total of 88.4 lakh investors in the stock market in FY 2020. By July this year, their number has increased fourfold to 3.57 crore. The number of investors from West India increased by 182 percent from 1.08 crore to 3.05 crore during this period. The number of South Indian investors increased by 172 per cent from 7.5 million to 1.89 crore. Eastern India currently has 1.19 crore investors, up 296 per cent.

According to the data, from April to July this year, 33.3 lakh investors have increased in North India. Investors have increased by 19.6 lakh in Western India and 14.9 lakh in South India. Major states with investors in Eastern India are North East, West Bengal and Odisha.

Much of the four-fold increase in the number of retail investors nationwide since 2021 is coming from less accessible markets such as UP. The main reasons for the huge increase in the number of investors are people’s increasing income, awareness about the stock market and better internet facilities. Analysts said, in the coming time, a large population will be seen investing in the stock market.

Uttar Pradesh had 2.3 million investors in FY 2020, accounting for 7.4 per cent of total registered investors. Now with 1.10 crore, its share has become 11.1 per cent. There has been a decline in investor share in Maharashtra-Gujarat. Maharashtra has 1.67 crore investors. In 2020, its share was 19.2 per cent, now down to 16.8 per cent. Gujarat’s stake has declined to 8.8 per cent with 87 lakh investors.