SEBI Chairman Tuhin Kanta Pandey highlighted a sharp rise in India's equity market participation. "The number of unique investors…surged from 4.3 crore in fiscal 2020 to 13.7 crore…today. First nine months of this financial year have seen ₹1.7 lakh crore raised through 311 IPOs," Pandey said. India’s capital markets have witnessed rapid expansion over the last ten years, he added.