Newsletter
India’s capital markets are seeing a major demographic shift.
According to the latest government report, the number of female demat account holders has quadrupled since 2021, rising from 6.7 million to 27.2 million by the end of 2024.
That’s nearly 1 in 5 demat accounts now held by women.
And it’s not just the markets.
Women now own 39.2% of all bank accounts, with the number even higher in rural India at 42%.
Female-led businesses are rising too—26.2% of all establishments in India are now headed by women, up from 24% two years ago.
The real kicker: Labour force participation for women has surged to 41.7%, nearly doubling from 23.3% in 2017–18.
