Women’s involvement in the Indian stock market is showing positive growth across states, despite a minor reduction in younger investor numbers, according to a National Stock Exchange (NSE) reportAs of June 2025, data shows increased women’s participation in equity markets across most states. Maharashtra leads amongst the top five states with highest unique investor registrations, showing women’s share rising to 28.4 per cent from 25.6 per cent in FY23.“Female investor participation continues to rise steadily across states…… The share of investors under 30 years of age declined from 40 per cent in March 2024 to 39.5 per cent as of March 2025 and further to 39 per cent in June 2025,” the stock exchange’s report said, as quoted by ANI.Female participation in Gujarat, ranking second, increased from 26.6 per cent in FY23 to 27.8 per cent in June 2025.In Uttar Pradesh, despite having the country’s second-largest investor base, gender representation remains low. Women constitute 18.7 per cent of investors, below the 24.5 per cent national average, though improved from 16.9 per cent in FY23.Currently, female investor percentages exceed the national average in over half of India’s states, up from 44 per cent in FY23.The analysis indicates smaller territories are becoming leaders in market gender inclusivity. Goa leads this trend, with Mizoram following. Female investor percentages stand at 32 per cent in Chandigarh, 30.5 per cent in Delhi, and 30.3 per cent in Sikkim, exceeding national figures.However, despite increasing female participation, NSE figures show slight decline in young investor numbers.Under-30 investor participation decreased from 40 per cent in March 2024 to 39 per cent by June 2025, primarily due to reduced new registrations in this age group.
