Indian capital markets: The growth story
The capital markets in india have grown by leaps and bounds over the past two decades, our capital markets toady is quite modernised and on par with the international best practices. Today indian stock exchanges are ranks amongst the very best in the world, First came in existence the BSE(bombay stock exchange) in the year 1875, later on august 31, 1957 the BSE became the first stock exchange to be recognized by indian government, in 1992 NSE national stock exchange was established, NSE was the first exchange in the country to provide a modern fully automated trading system.
THE GROWTH
NIFTY a major index, from November 1995, the nifty took 9.1 years to double from 1000 to 2000 , but took just 2.9 years to reach 6000 mark in december 2017,
there were only 15 stocks which have been present in the index since inception, today divison is broder and sectorial based , from a very few lakhs trusted stock market in 1995 to around 20million investors through direct or indirect participation makes our stock market growth highest among compititors, though if we compare us with developed world like USA having over 60% of population owns shares, we have a long way to go.
our growth story started with the economic liberalisation initiated in 1991, the reforms led consumption growth and made our economy service oriented, the more open approach led increase in GNP per capita , it tripled from rs 19040 in 2002-03 to rs 53331 in 2010-11 averaging 13.7% growth each of these eight years, increasing income of classes leads to increase in savings if inflation to be kept in control, favours stock market, we are country ranked 78th in corruption index in the list of 180, but, a strong democratic system which is improving from all parameters will lead the growth more robust and inclusive, A major research house in its report says, india is likely to hit a $6.1 trillion market capitalisation by 2027 from a $2.1 trillion today , the fastest of 10 major economies at 10.1% CAGR at the same time china/hongkong combined will grow at 7.9% CAGR, our fundamental and social growth has been slow when we compare us with china, but our growth had been more inclusive, we are following democratic process in our own way and has shown the results for ex, today we are ranked 53rd in ease of doing business from 142 in 2015 our optimism and always growing approach will make us a world leader.
Achyut Anurag
THE GROWTH
NIFTY a major index, from November 1995, the nifty took 9.1 years to double from 1000 to 2000 , but took just 2.9 years to reach 6000 mark in december 2017,
there were only 15 stocks which have been present in the index since inception, today divison is broder and sectorial based , from a very few lakhs trusted stock market in 1995 to around 20million investors through direct or indirect participation makes our stock market growth highest among compititors, though if we compare us with developed world like USA having over 60% of population owns shares, we have a long way to go.
our growth story started with the economic liberalisation initiated in 1991, the reforms led consumption growth and made our economy service oriented, the more open approach led increase in GNP per capita , it tripled from rs 19040 in 2002-03 to rs 53331 in 2010-11 averaging 13.7% growth each of these eight years, increasing income of classes leads to increase in savings if inflation to be kept in control, favours stock market, we are country ranked 78th in corruption index in the list of 180, but, a strong democratic system which is improving from all parameters will lead the growth more robust and inclusive, A major research house in its report says, india is likely to hit a $6.1 trillion market capitalisation by 2027 from a $2.1 trillion today , the fastest of 10 major economies at 10.1% CAGR at the same time china/hongkong combined will grow at 7.9% CAGR, our fundamental and social growth has been slow when we compare us with china, but our growth had been more inclusive, we are following democratic process in our own way and has shown the results for ex, today we are ranked 53rd in ease of doing business from 142 in 2015 our optimism and always growing approach will make us a world leader.
Achyut Anurag
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