Mumbai : SEBI Chairman Tuhin Kanta Pandey on Monday said that India’s capital markets could soon become the preferred destination for household savings, provided the country sustains its economic growth trajectory. Speaking at the 'CII National Financing Summit' here, he projected that India’s unique investor base could double over the next three to five years, given the still-low penetration of equity ownership.

A significant milestone has already been reached, according to Pandey. Domestic investors, including both households and institutions, now own a larger proportion of listed stocks than foreign investors, a sign of rising market confidence, he added. Deeper participation, he said, will be essential to converting India's growing savings pool into long-term capital for businesses,

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