India: A Rising Financial Power
In the recent decades, we have emerged as a dynamic and transformative force in the global financial landscape. With a rich history spanning thousands of years, country's economic prowess has evolved from ancient trade routes to modern financial markets. This journey towards becoming a modern financial power can be substantiated through a series of economic reforms that began in the early 1990s. The initial phase of this transformation was marked by the dismantling of a rigid regulatory framework that had constrained the Indian economy for decades. The removal of trade barriers, reduction in licensing requirements, and the encouragement of FDI heralded a new era of economic growth. Establishment of SEBI in 1992 stands as a pivotal milestone. By introducing transparency and efficiency to India's capital markets, it fostered investor confidence, leading to the rapid expansion of the Indian stock market and attracting foreign institutional investors. This expansion is evident ...