 "stock brokers, BSE, NSE, Sensex, Nifty")
The retail broking industry’s top line could more than double over the next five years, according to the estimates of consultancy firm Bain & Company. The industry, which facilitates stock market trading for investors, has already witnessed its revenues double from Rs 14,000 crore during 2018-19 (FY19) to Rs 27,000 crore in 2022–23 (FY23), reflecting an annualised growth rate of 17 per cent.
“This growth has been fuelled by the emergence of India’s mass-affluent and affluent segments, coupled with increasing financial literacy. The number of dematerialised accounts has trebled since FY19, reaching an impressive tally of 115 million
