Mumbai: Gujarat has officially crossed the milestone of one crore registered stock market investors, becoming the third state in India to do so after Maharashtra and Uttar Pradesh. This development was confirmed in a statement by the National Stock Exchange (NSE), which noted that these three states now collectively account for 36% of the total investor base in the country.

As of May 2025, the total number of registered investors across India stood at approximately 11.5 crore. In May alone, 11 lakh new investors entered the market, reflecting a 9% month-on-month increase following four consecutive months of declining registration numbers.

According to region-wise data, North India leads with 4.2 crore investors, followed by West India at 3.5 crore, South India with 2.4 crore, and East India with 1.4 crore.

Over the past year, North and East India registered the fastest growth in investor numbers, rising by 24% and 23% respectively. South India saw a 22% increase, while West India recorded a 17% rise during the same period.

India has seen a steady expansion of its investor base in recent years. The total number of registered investors crossed 9 crore in February 2024, reached 10 crore by August 2024, and hit 11 crore in January 2025.

However, growth has moderated in recent months. From February to May 2025, the average number of new investors per month declined to 10.8 lakh, compared to a monthly average of 19.3 lakh in 2024, according to NSE data cited by ANI.