In a significant development for India's growing stock market, Gujarat has crossed the milestone of 1 crore registered investors, marking a major leap in public participation in financial markets. According to data released by the National Stock Exchange (NSE), Gujarat has now become the third state in the country to reach this landmark, after Maharashtra and Uttar Pradesh.
This achievement comes amid a nationwide surge in retail investor participation. With this milestone, Gujarat now contributes significantly to the country's investor base, as Maharashtra, Uttar Pradesh, and Gujarat together account for nearly 36% of India's total investors. This trend highlights the increasing awareness and involvement of common citizens in the Indian stock market.
Total registered investors nationwide: ~11.5 crore
New investors in May 2025 alone: 11 lakh
Monthly growth (May): 9% increase, reversing a four-month decline
Despite a slowdown earlier this year, May witnessed a notable rebound in investor registrations — a sign of renewed market optimism.
North India: 4.2 crore investors
West India: 3.5 crore investors
South India: 2.4 crore investors
East India: 1.4 crore investors
India crossed 9 crore investors in February 2024, followed by:
10 crore in August 2024
11 crore in January 2025
However, between February and May 2025, the average monthly addition fell to 10.8 lakh investors, compared to 19.3 lakh per month in 2024. Despite this slowdown, May’s 11 lakh new registrations indicate a possible revival in investor confidence.
Gujarat’s strong performance stands as a reflection of rising financial literacy, improved digital access, and growing interest in wealth creation among the general public.