Mumbai, Nov 17 (NationPress) The Chairman of SEBI, Tuhin Kanta Pandey, mentioned on Monday that India’s capital markets are on track to become the go-to choice for household savings if the nation continues its positive economic growth. Speaking at the 'CII National Financing Summit', he expressed optimism that the distinct investor base in India could potentially double within the next three to five years, especially considering the current low levels of equity ownership.

Pandey highlighted that a noteworthy achievement has already been made, as domestic investors, comprising households and institutions, now hold a greater share of listed stocks compared to foreign investors—a clear indicator of growing market confidence.

He emphasized that increased engagement from investors is crucial for transforming India’s expanding savings pool into sustainable capital for businesses, with around 135 million unique market participants currently active.

In her remarks, Anuradha Thakur, Secretary of the Department of Economic Affairs, noted that recent years have seen the government and financial regulators implement numerous reforms aimed at simplifying compliance. She stated, 'The core philosophy behind these significant reforms is to enhance regulatory effectiveness and responsiveness, ensuring that necessary regulations remain while becoming more cost-effective and easier to follow. Although substantial progress has been made, the financial sector is still evolving, necessitating fresh perspectives and stronger collaborations moving forward.'

Chandrajit Banerjee, Director General of CII, added, 'While our financial sector has supported growth to date, achieving the vision of a developed India by 2047 will demand a more robust financial framework and increased capital mobilization. Over the next couple of days, we will explore essential regulatory and market reforms needed to fund India’s future in an efficient and sustainable manner.'

Earlier this month, the SEBI Chairperson stated that India's enduring economic strength will heavily rely on its capital markets, which are pivotal for advancing towards the 'Viksit Bharat' goal and essential for capital formation.

He noted that companies have secured approximately Rs 2 lakh crore from the primary market this year, reflecting strong investor confidence.

'There is a vast reservoir of domestic capital ready to be utilized,' Pandey remarked, adding that SEBI is dedicated to streamlining and accelerating the capital-raising process, allowing businesses to access funding more effectively.

'We are enablers of capital formation, and our mission is to assist businesses in raising capital effortlessly to drive India’s growth and transformation,' concluded the SEBI Chairperson.