The retail broking trade’s high line may greater than double over the following 5 years, in keeping with the estimates of consultancy agency Bain & Firm. The trade, which facilitates inventory market buying and selling for traders, has already witnessed its revenues double from Rs 14,000 crore throughout 2018-19 (FY19) to Rs 27,000 crore in 2022–23 (FY23), reflecting an annualised development fee of 17 per cent.
“This development has been fuelled by the emergence of India’s mass-affluent and prosperous segments, coupled with rising monetary literacy. The variety of dematerialised accounts has trebled since FY19, reaching a formidable tally of 115 million in FY23, because of the heightened curiosity sparked by the Covid-19 pandemic,” stated Bain & Firm in a observe.
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First Revealed: Dec 03 2023 | 9:49 PM IST
