Ahmedabad: Gujarat has emerged as the third state in India to cross the milestone of one crore registered stock market investors, as per the latest data released by the National Stock Exchange (NSE). It now joins Maharashtra and Uttar Pradesh in the list of states with over a crore investors each. Collectively, these three states contribute 36% of the country’s total investor base.

As of May 2025, the NSE reported the total number of registered investors in India at nearly 11.5 crore. Notably, over 11 lakh new investors joined in May alone, marking a 9% month-on-month increase and ending a four-month slump in new registrations.

India had crossed 9 crore investors in February 2024, then added the next crore every 5–6 months—reaching 10 crore in August 2024 and 11 crore by January 2025.

However, between February and May 2025, the pace slowed, with an average of 10.8 lakh new investors joining each month—a noticeable drop from the 19.3 lakh monthly average in 2024. Now, with 11 lakh joining in May, the trajectory is trending upward. DeshGujarat