The NSE report highlights a steady increase in women’s participation across Indian states, with Maharashtra leading at 28.4%, up from 25.6% in FY23, and Gujarat also showing growth from 26.6% to 27.8%, although states like Uttar Pradesh still lag with only 18.7%. Overall, more than half of India’s states now surpass the national average women investor share of 24.5%, with smaller regions like Goa, Mizoram, Chandigarh, Delhi, and Sikkim emerging as notable leaders in gender inclusion. Meanwhile, the participation of young investors under 30 has declined from 40% in March 2024 to 39% in June 2025, indicating a slowdown in new young entrants despite the positive trend in women’s participation in the stock market.