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Financial markets must play crucial role to fulfil India’s aspirations: Malhotra
Apr-21-2025

Reserve Bank of India (RBI) Governor Sanjay Malhotra has said that India’s financial markets must play a crucial role if the country is to successfully navigate global challenges and achieve its long-term aspirations. He underlined the growing importance of financial markets as key enablers of economic growth. He stated ‘If India is to navigate the shifting tides and fulfil its aspirations, financial markets will have to play a crucial role. As the marketplace for raising capital and trading financial assets, financial markets are key enablers of economic growth.’ 

He also pointed out that financial markets have existed for centuries and have continued to evolve over time to meet the needs of changing economies. Moreover, he highlighted the progress India has made in building strong and efficient financial markets. He said ‘We have made significant strides in the development of financial markets in our country. Motivated to fulfil the nation’s evolving needs and aspirations and guided by learnings from successive crises, our markets have matured and advanced.’ 

He noted that India’s financial market infrastructure is now state-of-the-art and its transparency standards are comparable to the best in the world. he added markets such as government securities, foreign exchange, and key derivatives are highly liquid - not just compared to peer economies but also to several advanced countries.


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