INDIAN FINANCIAL MARKETS: A PARADIGM SHIFT CURRENT CHALLENGES OF CHANGE

P Rao, A Srivastava
2013 International Journal of Scientific and Innovative Research   unpublished
The financial markets in India have undergone phenomenal metamorphosis during the last two decades. Initial teething troubles followed by buoyant growth and transforming through teenage pauses, umpteen topsy-turvy was witnessed during the span. Unsurprisingly, such pangs are quintessential of a free economy which is jostling for a suitable position in the global financial markets. The fastest free market economy is now straight-jacketing with the challenges and opportunities to opt for either
more » ... to opt for either slow and steady or fast and furious growth, in the decade to come. In perspective of such imperative developments in the financial sector that exhibited immunity to the global financial turbulence through a proactive response to the challenges, the paper aims to explore the future milestones of prospects. Indeed, a robust regulatory framework only ignites the development of financial markets to keep pace with innovations in the market structure. Timely measures mandated by the appropriate authority checks on the performance of financial institutions, shielding them from vulnerability and unexpected fluctuations. Increased volatility and constant upheavals in financia markets enable potential for good governance and a well designed macro prudential framework to ensure stability and growth.
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