Sundararaman Ramamurthy, the CEO of BSE, heralded a promising era for Dalal Street, emphasizing that an impressive majority of new investors in the stock market are young and financially active. “Eighty-three percent of investors who joined in the last three years are under 40, marking a significant demographic shift,” Ramamurthy announced at the 28th Annual General Meeting of Asia Securities Forum in Mumbai, hosted by Bombay Stock Exchange Brokers’ Forum.
Delving into the statistics, Ramamurthy revealed that nearly half of these newcomers fall within the 30-40 age bracket. “Among the total investors, 60% entered the market in the last 3 years. Notably, 14% are aged 18 to 20, while 22% are between 20 and 30,” he explained, underscoring the market’s youthful influx.
Ramamurthy expressed his confidence in Asia’s pivotal role in the global economy, drawing parallels with historical economic powerhouses. “Just as Europe and the US led in the past, Asia, particularly India, stands at the forefront of economic growth,” he asserted, emphasizing India’s potential in shaping the world economy.
Furthermore, Ramamurthy highlighted the transformative potential of the International Financial Services Centres Authority (IFSCA) and GIFT City in positioning India as a hub for gold price settlement and currency trading. “India, being one of the largest consumers of gold, could soon become a hub for gold price setting. Efforts are underway in IFSCA to make this a reality within GIFT City,” he added, envisioning a future where India’s financial landscape influences global markets.