75 cr mobile connections but only 1.5 cr demat accounts

Nov 29

75 cr mobile connections but only 1.5 cr demat accounts

Mr Akshay Agrawal, Managing Director, Acumen Capital Market India Ltd, has stressed the need to create more awareness among the public to invest in capital markets, as India’s exposure to stocks in only a meagre 1.25 per cent against 35-40 per cent in developed economies. “This is one of the lowest in the world as far as a developing economy like India is concerned,” he told students at the Sreenarayana Guru Institute of Science and Technology, North Paravur near here as part of delivering the Business Line Club lecture. “The stigma of scams and the general perception that investing in stocks is risky has kept Indians away from the capital markets,” he said. He lamented that while India has over 75 crore mobile connections, the country has less than 1.5 crore depository accounts. This reflected the poor participation in the stock markets, and also reflected the tremendous growth potential the markets have.
http://www.thehindubusinessline.com/markets/article2668257.ece

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