Indian Financial Markets

Book description

The whole world wants to invest in India. But how to do this successfully? Written by two Indian financial experts with a seasoned expert of the Chicago Mercantile Exchange, this book tells you the why and how of investing in India. It explains how India's financial markets work, discusses the amazing growth of the Indian economy, identifies growth drivers, uncovers areas of uncertainty and risk. It describes how each market works: private equity and IPOs, bonds, stocks, derivatives, commodities, real estate, currency. The authors include a discussion of capital controls in each section to address the needs of foreign investors. Learn about the the markets, the instruments, the participants, and the institutions governing trading, clearing, and settlement of transactions, as well as the legal and regulatory framework governing financial securities transactions.

--Written by two life-long insiders who can explain India's financial markets to outsiders
--Clear and comprehensive coverage of this economic powerhouse
--Caters to the needs of foreign investors

Table of contents

  1. Front Cover
  2. India’s Financial Markets
  3. Copyright Page
  4. Dedications
  5. Table of Contents
  6. Foreword
  7. Preface
  8. Chapter 1. The Economy
    1. 1.1 Overall Growth Experience
    2. 1.2 Understanding India’s Post-Independence Trajectory
    3. 1.3 Interpreting the Growth Experience (1/4)
    4. 1.3 Interpreting the Growth Experience (2/4)
    5. 1.3 Interpreting the Growth Experience (3/4)
    6. 1.3 Interpreting the Growth Experience (4/4)
    7. 1.4 Trends and Volatility in GDP Growth (1/2)
    8. 1.4 Trends and Volatility in GDP Growth (2/2)
    9. 1.5 Conclusions
  9. Chapter 2. The Firms
    1. 2.1 The CMIE Database
    2. 2.2 The Large Nonfinancial Firms of India (1/2)
    3. 2.2 The Large Nonfinancial Firms of India (2/2)
    4. 2.3 Role of Equity Financing
    5. 2.4 Regulation of Firms
  10. Chapter 3. Private Equity and the IPO Market
    1. 3.1 Private Equity Investment (1/2)
    2. 3.1 Private Equity Investment (2/2)
    3. 3.2 The IPO Market
  11. Chapter 4. The Public Equity Market
    1. 4.1 Products, Venues, Market Design
    2. 4.2 Liquidity
    3. 4.3 Derivatives
    4. 4.4 Risk and Return (1/2)
    5. 4.4 Risk and Return (2/2)
    6. 4.5 Role of Indian Equity in Global Portfolios
  12. Chapter 5. Government Bonds
    1. 5.1 Products in the Government Debt Market
    2. 5.2 Markets
    3. 5.3 Regulation and Market Access
    4. 5.4 Elusive Liquidity
  13. Chapter 6. Corporate Bonds
    1. 6.1 The Products
    2. 6.2 Markets
    3. 6.3 Secondary Market Trading
    4. 6.4 Regulation and Next Steps Forward
  14. Chapter 7. Commodity Futures Markets
    1. 7.1 A Little History
    2. 7.2 Products in the Commodity Derivatives Markets
    3. 7.3 Markets (1/2)
    4. 7.3 Markets (2/2)
    5. 7.4 Market Outcomes
    6. 7.5 Regulation and Legal Framework
  15. Chapter 8. Real Estate
    1. 8.1 Price Trends in Real Estate
    2. 8.2 Accuracy of Prices
    3. 8.3 Property Development
    4. 8.4 Segments of the Overall Real Estate Market (1/2)
    5. 8.4 Segments of the Overall Real Estate Market (2/2)
    6. 8.5 Investors
    7. 8.6 Title and Transparency in Indian Real Estate
    8. 8.7 The Sensitive Issue of Corruption
    9. 8.8 Conclusion
  16. Chapter 9. The Rupee
    1. 9.1 Market Description
    2. 9.2 Going Under the Hood
    3. 9.3 A De Facto Pegged Exchange Rate to the US Dollar
    4. 9.4 Difficulties of Implementing the Pegged Exchange Rate
    5. 9.5 Four Phases in INR/USD Volatility
    6. 9.6 Conclusion
  17. Chapter 10. Financial Firms
    1. 10.1 A Bird’s Eye View
    2. 10.2 The Nature of the Financial Firm in India
    3. 10.3 Infrastructure
    4. 10.4 Transaction-Oriented Firms
    5. 10.5 Banks (1/2)
    6. 10.5 Banks (2/2)
    7. 10.6 Insurance Companies
    8. 10.7 Pensions
    9. 10.8 Mutual Funds
    10. 10.9 Foreign Institutional Investors
    11. 10.10 Private Equity Funds
    12. 10.11 The Fundamental Difficulties of Fund Management
  18. Chapter 11. Policy Issues
    1. 11.1 The State of Indian Finance
    2. 11.2 Reform (1/2)
    3. 11.2 Reform (2/2)
    4. 11.3 The Agenda at SEBI (1/3)
    5. 11.3 The Agenda at SEBI (2/3)
    6. 11.3 The Agenda at SEBI (3/3)
    7. 11.4 Conclusion
  19. Chapter 12. What Can Global Financial Firms Do with India?
    1. 12.1 Portfolio Investment
    2. 12.2 Private Equity
    3. 12.3 FDI
    4. 12.4 The Mauritius Route
    5. 12.5 India-Related Financial Business Outside India
  20. Appendix A. Sources
  21. Appendix B. Abbreviations
  22. Appendix C. Interpreting Those Strange Indian Numbers
  23. Bibliography
  24. Index (1/3)
  25. Index (2/3)
  26. Index (3/3)

Product information

  • Title: Indian Financial Markets
  • Author(s): Ajay Shah, Susan Thomas, Michael Gorham
  • Release date: September 2008
  • Publisher(s): Elsevier Science
  • ISBN: 9780080559940