India’s capital market achieved a significant milestone in 2025 by surpassing the United States in the number of IPO listings, as stated by Dr. Ranjeet Mehta, CEO and Secretary General of the PHD Chamber of Commerce and Industry. Dr. Mehta emphasized the deep investor trust in India’s economic and regulatory environment, attributing the milestone to the country’s transparent and trustworthy regulatory mechanisms and capital market systems. He noted a shift towards broader investor participation, including retail and small investors, indicating a growing confidence in India’s market among the public.
Dr. Mehta highlighted India’s resilience amidst global economic volatility, citing political stability and policy continuity as distinguishing factors. Despite challenges in the global economy, India’s consistent growth trajectory post-COVID has positioned it as an attractive investment destination globally. The country’s stability and growth have instilled maximum investor confidence, making it a preferred market for investments.
Discussing India’s transformation over the past decade, Dr. Mehta praised improvements in ease of doing business, tax transparency, and regulatory reforms that have contributed to a mature and resilient capital market ecosystem. He underscored the vision of a developed India, which has bolstered public trust and increased participation in financial markets.
In the realm of IPO trends, Dr. Mehta noted that India not only surpassed its previous records but also outpaced the US in IPO listings in 2025. This achievement signifies investors’ trust in India’s corporate governance standards, regulatory robustness, and long-term economic prospects. The increasing involvement of young companies, startups, and diverse sectors like NBFCs, technology, and healthcare reflects the inclusive and growth-oriented nature of India’s capital market.
