SEBI Chairperson Tuhin Kanta Pandey stated that India’s capital markets have evolved from being just indicators of growth to becoming key drivers of economic progress. Speaking at the CNBC-TV18 Global Leadership Summit 2025, he said the economy continues to show strong growth and resilience, with capital markets central to the vision of “Viksit Bharat.” This year, nearly ₹2 lakh crore has been raised through public issues, and SEBI plans further reforms to make fundraising faster, more transparent, and inclusive.
Pandey highlighted the growing domestic investor base and institutional participation boosting market liquidity. He announced that SEBI will soon introduce a new derivatives framework aligned with global standards, alongside a review of short-selling, securities lending, and buyback norms to strengthen market depth and transparency.
Calling mutual funds an “untapped lever,” he noted their assets still account for less than 25% of GDP, with rural participation lagging far behind urban areas. Pandey emphasized the need for “optimum regulation,” transparency in costs, stronger corporate governance, and deeper bond markets to ensure India’s markets remain robust and future-ready.
