There are only 30 pin codes in the country where there are no investors: Ashish Chauhan

NSE MD Ashish Chauhan said that around 20 percent of all households tooday are invested in the stock markets

When it comes to Indian markets, the success is unique, according to Ashish Chauhan, MD & CEO, NSE believes. He was speaking as a part of the 21st Annual Capital Markets Conference in Mumbai. “There is a theory that countries with low per capital 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,” he noted.

Today, Chauhan added, around 20 percent of all households are invested in the stock markets. On a good day, he said, NSE currently gets more than 29 crore trades in a day.

He also spoke about the need for small investors to stop investing in derivatives. “Sebi is already acting on it, after taking inputs from all of us,” he added.

Describing this as a chance for India Chauhan noted, “Today we are living in the best of times, as Charles Dickens says. So whatever regulations are needed to be put in place, needs to be put in place and we need to comply. This market is too precious for India's growth.”

He added that we cannot let this fritter away. “India has a chance to become rich before it becomes old. This is the place from where India will become rich,” he says.

(This is a developing story)