Tuhin Kanta Pandey, the chairman of the Securities and Exchange Board of India (SEBI), highlighted the significant role of technology in reshaping trading, distribution, and advice in the market. Speaking at SEBI’s 38th foundational day event in Mumbai, Pandey noted the emergence of a new digitally connected and informed generation of investors. He emphasized that capital flows have become more global, with risks being more interconnected than ever before.
Describing the transformation of India’s securities market, Pandey emphasized that it reflects investor confidence beyond mere scale and numbers. He pointed out that the market now boasts over 5,900 listed companies and more than 140 million unique investors. Over the past decade, market capitalization has shown a steady growth of around 15% CAGR, while mutual fund assets have expanded by over 20% annually.
Pandey also highlighted the steady growth of the corporate bond market and the significant capital formation facilitated by the primary market annually. He underscored the increasing integration of Indian markets with global capital flows, making them more dynamic but also exposing them to interconnected risks. In this evolving landscape, Pandey stressed the critical role of regulation in ensuring sustainable growth and safeguarding against risks.
