Being a part of some of these celebrations and deliberations, as an investment banker of over 3 decades, I have been reflecting on the growth of Indian Capital Markets over the years. We have witnessed quantum changes in our capital market over last 30 years.
First, in terms of the depth of our market, our market capitalisation in 1992 was
Further, the government’s focus on creating an enabling environment has helped significantly. Looking back few years ago, there was no framework to enable startups. Today, we are the 4th largest startup country in terms of creating unicorns. Very shortly, we would be creating 1 unicorn every alternate day.
I will attribute most of this to the massive regulatory and governance transformation that has been undertaken over the past few years. There has been laser sharp focus to remove any kind of bottlenecks. Governance today is based more and more on new-age technology architecture, unparalleled anywhere in the world. We are adopting faceless and paperless in every possible aspect.
Crystal gazing into the Capital Markets at Amrut Kaal@2047 when we shall proudly celebrate 100 glorious years of our independence, I have arrived at the potential…