An Empirical Evaluation of Indian Capital Market in the Global Perspective

Since last decade or so capital market of India has shown tremendous growth among leading emerging and developed capital markets in the world. Indian capital market has been really boosted up after the reforms of early 1990s, which opened the door for the international investments. The market is on the path of maturity and attained a phenomenal height in spite of its volatility. Now the market is comparable with developed markets. Thus, this paper attempts to frame an empirical evaluation of the Indian capital market in the light of various financial and international aspects over a period from 2001 to 2007. The result provides the evidence of modest degree of integration of Indian capital market with international capital markets and a very strong growth potential