The Economic Survey 2023-24 has raised concerns about the consequences of the increased participation of retail investors in derivatives trading, and the financial market growth running ahead of the economic growth. The survey, tabled in Parliament on Monday, said the capital markets are becoming prominent in India’s growth story.
The 476-page document has hinted at potential regulatory and government policy interventions as the financial sector undergoes critical transformation.
“The Indian financial sector is at a turnpike moment. The dominance of banking support to credit is being reduced, and the role of capital markets is rising… As India’s financial sector undergoes this critical transformation, it must also brace for likely vulnerabilities and prepar…
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