Capital Market Growth — Mains Questions

Critically analyze the role of SEBI in fostering capital market growth in India since 1992. Discuss the key reforms introduced and the challenges that persist despite these advancements.

India's capital market has transitioned from a bank-dominated to a market-based financial system. Discuss how regulatory evolution, technological disruption, and demographic dividend have collectively driven this transformation and boosted retail participation.

Examine the recent developments in India's capital market, including the T+1 settlement system, green bond market, and SEBI's regulations on derivatives trading. How do these reforms contribute to market efficiency, investor protection, and sustainable finance?