Sethurathnam Ravi, former Chairman, BSE, and Shravan Shetty, Managing Director, Primus Partners, share their view on the evolving landscape of India’s capital markets. They highlight that modernising regulations, providing clarity on circulars, and strengthening cybersecurity frameworks are essential to build investor confidence and drive long-term growth. The evolution of India’s capital markets — from the 1991 liberalisation to the adoption of digital platforms — has expanded access, lowered entry barriers, and diversified revenue models. As the sector matures, strategic policy interventions will play a key role in sustaining momentum and fostering an inclusive, tech-driven market ecosystem.