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The Role of Stock Exchanges in the Financial Systems

Stock exchanges play a pivotal role in modern financial systems. They act as structured marketplaces where securities such as stocks, bonds, and derivatives are bought and sold. By facilitating the efficient allocation of capital, stock exchanges contribute to economic growth, liquidity, transparency, and investor protection. This article explores the role of stock exchanges in financial…

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Growth and Development of the Indian Stock Market in the Post-Liberalization Era

Introduction The Indian stock market has undergone a remarkable transformation since the country’s economic liberalization in 1991. Prior to this, the Indian financial markets were highly regulated, with significant government control over key sectors of the economy. The liberalization process marked a shift towards market-driven policies, fostering greater competition, foreign investment, and economic integration with…

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