Markets regulator Securities and Exchange Board of India’s (SEBI) Chairman Ajay Tyagi on Wednesday said that a large part of the non-banking financial intermediation is happening through the capital markets, and going ahead, they will play a bigger role in the economic growth of the country.
“Going forward, the capital markets are going to play a bigger role in funding the economic growth,” he said.
Addressing the 18th Annual Capital Markets Conference, organised by FICCI, Tyagi said that going forward the focus area for the SEBI will be on strengthening the robustness of capital markets.
“The household financial savings deployed in the securities market is rising and sustaining it will give tremendous boost to both the capital markets and the economy,” he added. On IPOs, fund raising and disclosures, he said said that the success of IPOs from new age tech companies will attract more funds and help create a new eco-system of entrepreneurs and investors.