Sustainable Capital Formation
( The following was the gist of the addresses made at an Almus Conference & at a CRISIL event in December 2022) Sustainable Capital Formation SEBI’s mandate revolves around three key pillars – investor protection, market development, and market regulation. Put together, SEBI’s role is to facilitate sustainable capital formation, a crucial ingredient for achieving our country’s immense economic potential. The ongoing trend of formalization has given a strong fillip to domestic capital formation. How sustainably we capitalize on this welcome trend depends on all of us scrupulously preserving and strengthening the trust in the ecosystem. Formalization & Financialization of Savings The ongoing formalization of our economy is on the back of better network access, increased financial inclusion, and rising digitization of payments and settlements. On network access, Telecom Regulatory Authority of India (TRAI) data indicates that India had...