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Generally work of SEBI is growing as there are more listed companies than ever
23 and 24 were super busy years so in the last cycle SEBI took a lot of people- around 30
Only 6% of Indians currently participate in the equity market, buy mutual funds etc
This number is expected to go up to ~36% over 10-20 years as is the norm in developed countries
Also fractional investment in real estate is going to create a huge new market - SEBI chairman says that itself likely to be as big as the entire equity market
If that happens you will need a lot more SEBI law officers. 20-30 appointments every year is not too much to expect honestly. A few years like be down years like this year - don't worry about it. You can attempt multiple times. Just prepare hard thats all