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Cel 3

The document discusses the transformation of India's capital market due to globalization and increasing integration with international markets. This has facilitated greater investment choices for discerning investors but also means problems in one country can quickly impact others. For countries to benefit from global business opportunities while managing downside risks, strong and transparent regulatory frameworks are needed that follow international best practices. Transforming processes, mindsets, and knowledge management is a ongoing process that must be appropriately phased to minimize disruption.

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uttamsudhir
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17 views

Cel 3

The document discusses the transformation of India's capital market due to globalization and increasing integration with international markets. This has facilitated greater investment choices for discerning investors but also means problems in one country can quickly impact others. For countries to benefit from global business opportunities while managing downside risks, strong and transparent regulatory frameworks are needed that follow international best practices. Transforming processes, mindsets, and knowledge management is a ongoing process that must be appropriately phased to minimize disruption.

Uploaded by

uttamsudhir
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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INTRODUCTION

The significant transformation of the Capital Market in India is clearly evident from the changes that have occurred in the Stock market. The developments have facilitated greater choice for investors, who have become more discerning and demanding.

Currently, the most important factor shaping the world is globalization. The benefits of globalization have been well documented and are being increasingly recognized. Integration of domestic markets with international financial markets has been facilitated by tremendous advancement in information and communications technology. But, such an environment has also meant that a problem in one country can sometimes adversely impact one or more countries instantaneously, even if they are fundamentally strong.

There is a growing realization that the ability of countries to conduct business across national borders and the ability to cope with the possible downside risks would depend on the soundness of the Capital market. This has consequently meant the adoption of a strong and transparent, prudential, regulatory, supervisory, technological and institutional framework in the sector on par with international best practices is necessary. All this necessitates a transformation: a transformation in the mindset, a transformation in the business processes and finally, a transformation in knowledge management. This process is not a one shot affair; it needs to be appropriately phased in the least disruptive manner.

Capital Market

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