Letters: Empower investors

Nilesh Shah's recapitulates the events related to financial market development

Nilesh Shah’s “Economic future lies in financial markets” (May 22) recapitulates the events related to financial market development, its regulatory architecture, and proposes a reduced dependency on foreign capital with increased domestic investment for poverty alleviation. In sum, he stresses broadening and deepening of financial markets for a better future of the economy. He draws upon a key argument: does India’s stock market contribute to economic growth, and what proportion of stocks included in the index traded on exchanges can be a good representative of that growth?

To achieve sustained economic growth, judicial, executive and legislative processes embracing financial market development