Indian capital markets may be riding high on positive investor sentiments, but the latest report by World Economic Forum (WEF) shows that the country has plunged 35 places to 62nd rank in terms of effective regulation of the stock exchanges.
The country, last year, stood at the 27th spot for effective regulation and supervision of securities exchanges.
South Africa is on the top followed by Finland, Hong Kong SAR, Luxembourg and Singapore in this category, says the report.
Besides, neighbouring countries Pakistan and China are also placed at a better position than India on the parameters at 51 and 58 positions, respectively.
Note: i. The findings are part of WEF’s Global Competitiveness report 2014-15, where India has been ranked among 144 countries across the globe.
ii. The performance review was based on 12 pillars, including development of the financial markets. A value of 1 for regulation of exchanges implies ‘not at all effective’ while 7 represents ‘extremely effective’.
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