Assistant Professor, Rajiv Gandhi Mahavidyalaya, Uchana, Jind, India
Online published on 11 July, 2017.
Stock market in the process of economic development has been well recognized today. In the 1980’s developing countries have started liberalizing their financial markets giving considerable importance to the development of stock market. However, in India stock market remained a dormant part of the financial system until the initiation of the structural adjustment programme in 1991. The structured adjustment programme implemented in a gradualist pattern consisted of comprehensive fiscal, financial and external sector reforms. As part of it capital market reforms were launched in 1992.
