Last Updated:June 20, 2025, 14:43 IST
Tejasvi Surya also said investments in mutual funds and participation in stock markets have improved significantly under the Modi government.
Surya Underlines Middle-Class Wealth Boom Under Modi. (Photo Credits: X)
BJP MP Tejasvi Surya recently praised the Narendra Modi-led central government for significantly boosting wealth creation among India’s middle class—something he believes hasn’t received due credit. Posting on X (formerly Twitter), Surya wrote, “The amount of wealth the Modi Government has created for middle-class India is not appreciated enough.”
To back his statement, he shared a chart highlighting the rise in demat accounts, mutual fund investors, and mutual fund assets under management over the past decade. “Most of these are people like you and me, who have started investing in the last decade,” he noted.
Surya further stated that the growing participation in financial markets has not only led to the emergence of thousands of stock broking firms but has also introduced an entire generation to capital markets, benefiting both the economy and the financial well-being of ordinary citizens.
The amount of wealth the Modi Government has created for middle class India is not appreciated enough.Just look at this chart – indicating the rising investor participation in aiding financial markets. Most of these are people like you and me, who have started investing in… pic.twitter.com/rHJwYPhZvK
— Tejasvi Surya (@Tejasvi_Surya) June 20, 2025
The chart shared by Surya showed that the number of demat accounts has increased from 2.5 crore in 2015 to 19.7 crore in 2025. This represents a 7.9x jump. At the same time, the number of unique mutual fund investors has increased 5.5x from 2014 to May 2025.
Mutual fund assets under management have soared 9x to Rs 72.2 lakh crore in May 2025 from Rs 8 crore in March 2015. Market capitalisation rose from Rs 74.2 lakh crore in FY14 to Rs 444.2 lakh crore in May.
The chart cites the Securities and Exchange Board of India (SEBI) as the source of data.
Surya’s post attracted several responses. One user wrote, “The middle class in cities like Bangalore and Mumbai should be in different brackets. These are expensive cities and it’s pretty hard to save any money earned.”
Another user wrote, “If the government can introduce a few security features for the sake of public investors, then this investment will increase multiple fold. This should be applied to all kinds of investment avenues.”
Some users also posed questions and took a critical stance. “Why is STT still being charged along with LTCG or STCG?” asked one user.
“The problem is, it is only seen in those graphs. No money is left back in the hands of the middle class. It’s all invested in EMIs, interests, & GSTs,” said another user.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
- Location :
Delhi, India, India
- First Published:
#BJP #Tejasvi #Surya #Credits #Modi #Government #MiddleClass #Wealth #Growth #Business #News
