A conceptual study on capital market and its various reforms

Pages: 54-55
Poonam Rani (Department in Commerce, CRM Jat P. G. College, Hisar, Haryana)

A good capital marked in required for industrial and commercial development of a country. Supply of credit is for long term while money market meet the short term needs. Capital Market is central coordinating and directing mechanism for free and balanced flow of financial resources into the economic system of a country. Good Capital Market development is based on availability and organization of funds. Before independence, capital market of India was ill-developed. But, after introduction of various reforms in capital market have helped the capital market to grow.