SEBI Chairman Tuhin Kanta Pandey Highlights Resilience And Expansion Of India’s Capital Markets

The Securities and Exchange Board of India (SEBI) Chairman, Tuhin Kanta Pandey, has strongly highlighted the remarkable resilience and massive expansion of India’s capital markets. Addressing the eleventh J.P. Morgan India Conference today, the SEBI chief noted that despite severe geopolitical headwinds and fragmented global supply chains, the Indian economy continues to show stellar progress. He revealed that the country’s real GDP grew by 7.8 per cent in the first quarter of the current financial year.

Providing a snapshot of the capital ecosystem, the Chairman stated that India’s equity market today boasts a market capitalization of around five trillion US dollars. He said over the past decade, more than one hundred trillion rupees have been raised through equity and debt issuances. Mr Pandey said the momentum has carried into the current fiscal year, with around six hundred billion rupees raised through Initial Public Offerings so far, out of which 55 per cent represents fresh capital flowing directly into companies. Mr Pandey said outstanding corporate bonds have also surged to about 61 trillion rupees today.

Highlighting a historic surge in public participation, Mr Pandey announced that India now has around 149 million unique securities-market investors. Driven by growing household savings, mutual fund assets have nearly tripled in five years, skyrocketing from 37 trillion rupees to 87 trillion rupees.

Speaking on international capital, the SEBI Chairman stated that Foreign Portfolio Investors (FPIs) remain a crucial pillar, holding assets under custody of around 818 billion US dollars.(UPDATED ON 22ND SEPTEMBER 2026)