Indian capital markets, both equity and debt, have shown a strong ability to provide financing and capital for businesses, and it is important for India to ensure the “sustained growth” of capital markets, said Uday Kotak, chairman of Kotak Mahindra Bank, at the Confederation of Indian Industry (CII) Annual Meeting 2021.
“One major change that we are witnessing is the means of financing that are now taking shape. Historically, India has been much more a bank-led and bank-supported financing model. We are now seeing the power of the capital markets, both the equity markets and in recent times the debt market, beginning to demonstrate a much better ability to provide financing and capital for businesses,” Kotak said.
The country is seeing a very robust, vibrant, and open capital flow of both international and domestic savings into the capital markets, which is also supporting the new-age…