A Critical Analysis on Capital Market Developments in India: Pre and Post Liberalization Period
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Purpose This paper aims to critically examine capital mar – -ket developments in India before and after liberalization. Research design, data, and methodology The paper exam – -inesthe Indian capital market from its inception to the latest de-velopments related to both primary and secondary markets, andalso discusses recent initiatives ofcapital markets to enhance theexpected level of services to the investor community. It alsosheds light on the regulatory framework for investor protection. Results The study further highlights the future roadmap for –the radical development of the Indian capital market. The paperidentifies the various initial obstacles and intricacies that affectthe smooth functioning of the Indian capital markets. Hence, thepaper articulates that these concerns should be addressed bythe regulatory authorities and at the policy level at the earliestfor further strengthening the capital markets in the interests ofthe economy in general and retail investors in particular. Conclusion This is a topic of utmost contemporary im – -portance to worldwide national economies, and calls for novelmethods and techniques in dealing effectively with the menacefacing capital markets.
Abstract
Purpose This paper aims to critically examine capital mar – -ket developments in India before and after liberalization. Research design, data, and methodology The paper exam – -inesthe Indian capital market from its inception to the latest de-velopments related to both primary and secondary markets, andalso discusses recent initiatives ofcapital markets to enhance theexpected level of services to the investor community. It alsosheds light on the regulatory framework for investor protection. Results The study further highlights the future roadmap for –the radical development of the Indian capital market. The paperidentifies the various initial obstacles and intricacies that affectthe smooth functioning of the Indian capital markets. Hence, thepaper articulates that these concerns should be addressed bythe regulatory authorities and at the policy level at the earliestfor further strengthening the capital markets in the interests ofthe economy in general and retail investors in particular. Conclusion This is a topic of utmost contemporary im – -portance to worldwide national economies, and calls for novelmethods and techniques in dealing effectively with the menacefacing capital markets.
참고문헌 (13)
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