India has been the world leader in digitisation and transformative financial inclusion. Its rapid economic advancement has resulted in spectacular growth in Indian market capitalisation, which, at its market cap of $3.7 trillion, is now the fifth biggest stock market in the world.  Earlier, participation in equity markets required extensive and complex manual paperwork with transactions and agreements, which has now been eased with dematerialisation, which is defined as the process of converting physical shares into electronic format. 

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