State-Wise Stock Market Participation in India 2026: Demat Accounts vs Population Analysis

India’s stock market has undergone a remarkable transformation over the past five years. The rise of discount brokers, mobile trading apps, digital KYC, and increased financial awareness has brought millions of first-time investors into the equity market. From metropolitan cities to Tier-2 and Tier-3 towns, retail participation is growing rapidly. However, investor penetration varies significantly […]