New Delhi, July 2 -- Online brokerage platform Zerodha's Chief Executive Officer (CEO), Nithin Kamath, in a social media post on LinkedIn, said that Jio-BlackRock entering the stock broking business is "great news," highlighting the need for wider participation in the Indian markets.

According to Nithin Kamath, the Indian market is limited to only the nation's top 10 crore people participating due to the lack of wider audience reach.

"Many people asked me about Jio-BlackRock getting a stockbroking license. Firstly, this is great news. The biggest issue for the Indian markets is a lack of breadth in participation. We're largely limited to the top 10 crore Indians," said Kamanth in his LinkedIn post.

He said that if any company can expan...