Women’s Participation in Indian Stock Market Rises

According to a report by the National Stock Exchange (NSE), as of June 2025, women’s participation in equity markets has risen steadily across most states, even as the proportion of young investors has seen a slight decline.

Key Points

National Trend: Women account for 24.5% of India’s investor base, with more than half of states now recording a women’s share above the national average — up from 44% in FY23.
State Leaders: Among the top five states by unique investor registrations, Maharashtra leads with 28.4% women investors (up from 25.6% in FY23), followed by Gujarat at 27.8% (up from 26.6%).
Underperforming States: Uttar Pradesh, despite having the second-largest investor base, lags in gender representation at 18.7% — below the national average — though up from 16.9% in FY23.
Top Performers in Gender Inclusion: Smaller regions show strong gender inclusion, with Goa leading, followed by Mizoram. Chandigarh (32%), Delhi (30.5%), and Sikkim (30.3%) also rank above the national average.
Youth Participation Decline: The share of investors under 30 years dropped from 40% in March 2024 to 39% in June 2025, mainly due to a slowdown in new investor entries in this age group.