Expressing optimism, Minister of State for Finance Anurag Thakur has said that Indian capital market is robust and can play a crucial role in achieving $5 trillion economy by 2025. He also noted that the exchanges and brokerages are playing a crucial role in capital formation in the country and there is a need to ensure that public faith in the capital market is not eroded due to scams and frauds.
The minister also said ‘It is our aim and constant effort to work towards deregulation of capital market and ease of compliance for investors’, adding that capital market plays a significant role in building the economy as it channelizes domestic saving into long term financial assets.
Besides, Anurag Thakur said ‘We welcome suggestions with regard to various aspects of compliance reforms so that there is ease of access of FDI in Indian capital market. I compliment SEBI, the exchanges and the board of ANMI for working on the compliance review report, which will definitely help in enhancing the ease of doing business in India.’