ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Indian Stock Market in Comparison

This article evaluates the impact of financial liberalisation on the growth, development and efficiency of the Indian stock market vis-à-vis other select Asian markets. Though the expansion of the Indian stock market in the post-liberalisation period is truly impressive, in terms of quality there has been a regress. Trading has become increasingly concentrated in some sectors and companies, and the higher volatility in the market, without a corresponding higher return, portends greater risk and more instability for investors.

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