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Business Environment by A. C. Fernando

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THE INDIAN CAPITAL MARKET

In this chapter, we study the capital market, its constituents and go on to study the nature of the Indian capital market, its development, its deficiencies and the impact of globalization on the Indian capital market. Incidentally, we also study the role of securities market in economic growth and SEBI, the Indian capital market regulator. After reading this chapter, you will know everything we need to know about the Indian capital market.

Capital is a sine qua non for economic development. Without capital land will be barren, labour idle and organizations directionless. Capital enables the entrepreneur to bring together the other factors of production. It is necessary to build and develop infrastructure, buy ...

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