Gujarat surges ahead of UP in new investor additions, adds 2.3 lakh in August
Gujarat led the charge in new investor registrations in August, surpassing all other states. It was trailed by Uttar Pradesh and Maharashtra, which also showcased impressive growth in investor numbers both on a monthly and yearly basis. Remarkably, West India spearheaded the rebound in new investor activity, with North India maintaining the largest share of new investors at the national level.
In August, Gujarat witnessed a significant surge in new investor registrations, overtaking Uttar Pradesh to become the leading contributor to new registrations in the country. Gujarat added 230,000 new investors, accounting for 14.6% of the total monthly additions, while Uttar Pradesh added 200,000 new investors, or 12.9%. Maharashtra followed with 160,000 new registrations, or 10.2%.
Rajasthan and Tamil Nadu rounded out the top five states with 110,000 and 90,000 new registrations, respectively. Overall, new investor registrations in India rose 16.7% month-on-month and 24% year-on-year, marking an acceleration in registrations after a period of relative stagnation.
Brief written by urgent.news from The Economic Times - Top News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
