India has 1 investment advisor per 76,510 investors, says govt in Lok Sabha

- According to the government, the number of Demat accounts in India has grown from 3.59 crore in FY 2018-19 to 7.38 crore as of 31 October 2021. However, the number of investment advisors has grown from just 1,298 in June 2020 to 1,324 as of October 2021