Indian capital market’s growth and the vital role played by regulator Sebi is a ‘great story’ for the developed world to learn from, Harvard Business School professor Suraj Srinivasan has said. Srinivasan, who has done a case study on the Securities and Exchange Board of India (Sebi), said the country’s capital market is deep with potential to grow further.
“We (India) have a deep market and a market which has the potential for the growth. It is a great story of developing capital markets and the role that the regulator plays,” he told PTI in a telephonic interview from the US. For the case study, Srinivasan also interacted with former Sebi Chairman UK Sinha and many other officials.
Noting that India's capital market has grown rapidly, the Harvard Business School professor said there is also a robust market infrastructure and regulatory system that has been created to support the growth. “I think there is a lot to learn from how the markets have grown in India but more specifically how the infrastructure has been put in by the government and the regulators A terrific learning,” he said.