Only 30 Pin Codes In India With No Investors Says NSE MD & CEO, Ashish Chauhan

Speaking at the 21st Annual Capital Markets Conference in Mumbai, Ashish Chauhan, MD & CEO of NSE, shared a theory that countries with low per capita income cannot have good capital markets. He noted that today, there are only around 30 pin codes, mostly at airports, where people do not stay for even a full day. He added that around 20 percent of all households are invested in the stock markets. On a good day, NSE currently processes more than 29 crore trades daily. Chauhan also emphasized 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 need to be put in place, need to be put in place, and we need to comply. This market is too precious for India's growth.” He stressed that India has a chance to become rich before it becomes old, concluding, “This is the place from where India will become rich.” Listen in