From COVID Lows To $5.5 Tn Market Cap: Madhusudan Kela Explains India’s Booming Equity Market Trend

At the India Today Conclave in Mumbai, in conversation with Siddharth Zarabi, Group Editor of Business Today, Madhusudan Kela, Promoter of MK Ventures, explained the recent surge in equity market participation in India. He said the growth is not driven by greed but reflects a cultural shift toward investing, saving, and wealth creation. Over the past five years, retail investors in India have jumped from less than two crore to around 12 crore, while market capitalization rose from $1.2 trillion to $5.5 trillion. Kela highlighted that 85% of stock market gains belong to domestic investors, showing a strong wealth effect and growing acceptance of equities.