In India, the use of demat accounts has been growing rapidly in recent years, as more and more investors look to take advantage of the benefits offered by these accounts. In comparison to the US market, demat account growth in India has been relatively faster. Nearly 10 crore Indian opend Demat account by the end of second wave of the covid-19 pandemic. It's further forecasted that this mark will reach upto 20 crore in next two year looking at Optimism of Investors in Indian share market community.

One of the main driving factors behind this rapid growth in India is due to the increasing popularity of online trading platforms. As more and more investors turn to the internet to buy and sell securities, the need for a convenient and secure way to hold those securities has grown. Demat accounts provide a solution to this problem, by allowing investors to hold securities in an electronic format that can be easily traded online.

Another factor contributing to the growth in demat accounts in India is the increasing awareness and education about stock market investment. With more and more people understanding the benefits and potential of stock market investment, the demand for demat accounts has been on the rise.

The government of India has also played a key role in promoting the use of demat accounts. The regulatory body i.e. Securities and Exchange Board of India (SEBI) has implemented various measures to increase transparency and reduce the risk of fraud, which has helped to boost investor confidence in the market.
In comparison to the US market, demat account growth in India has been relatively faster. The US market has a long history of equity trading and has been developed with more advanced technology, which has led to a higher number of demat accounts in the US. However, India has been catching up rapidly with more and more people becoming interested in stock market investments, which has led to an increase in demat account holders.

In conclusion, the use of demat accounts for equity trading has taken different shape in recent years, due to a combination of factors such as the increasing popularity of online trading platforms, increasing awareness and education about stock market investment and government measures to increase transparency and reduce the risk of fraud. In comparison to the US market, demat account growth in India has been relatively faster. The US market has a long history of equity trading and has been developed with more advanced technology, but India is catching up rapidly with more people becoming interested and aware of financial markets and investments.