Indian Capital Market: A Review

The present review article is an attempt by the researchers to make a descriptive as well as analytical study of work done in the field of Indian capital market. This study will be focusing on various loopholes in the Indian Financial System. As capital market is a wider concept, lots of note worthy contribution have been made in this area. In this write up emphasis are given to bring to light all the hard work done by various researches and to uncover the gap for future research. Apart from that the researchers have also highlighted some of the important reforms in Indian Capital Market since 1991 onwards. While studying a range of literature available from various resources, the researchers havearrived that there isgenerally a constructive assessment of the economic reforms on Indian Capital Market, but also points out some areas of concern: the lack of a fixed term appointment for the regulators; the persistence of non-competitive conditions in the market; and the excessive entry of new scripts into the market, Although in recent days, some steps have been taken to address this problem as well.