Emerging equity markets in India: a case study

Abstract

Defines the term “emerging market” and identifies the necessary preconditions which allow stock markets to develop: government commitment, market economy, a legal system and generally available education. Discusses some factors affecting equity market growth, e.g. economic and regulatory development/reform, legal and market structure reform, requirements for financial intermediaries, disclosure, accounting standards and education/training for participants in financial markets. Explains how these factors apply to India, giving statistical indicators for the economy and the Bombay Stock Exchange for 1991‐1995. Believes the prospects for foreign and domestic equity investment in India and other developing countries are good providing that they maintain a stable economy and an investor‐friendly environment

Citation

Hess, D.W. (1998), "Emerging equity markets in India: a case study", Managerial Finance, Vol. 24 No. 7, pp. 17-30. https://doi.org/10.1108/03074359810765598