As if unsatiated with the rise of India’s capital markets to tenth position globally, Securities and Exchange Board of India on Sunday favoured introducing more products for deepening of markets aimed at investors’ protection.

“We can achieve further growth by ensuring more investors and products in the market,” SEBI Chairman M Damodaran told PTI in an interview, when asked whether India could advance further in the global ranking. He said that the market is in for a major expansion, with deepening of the market as a definitive safeguard for investors: “With the growth in the market there can be more investors to participate.”

New products
“The growth itself is a measure of investors’ protection,” Mr Damodaran said, adding: “New products such as interest and currency derivatives are required, there are some new products in the pipeline.” On the derivative market itself, Damodaran said in the F&O market although futures market was growing, the option segment had not grown. “As we go forward, we will look at launching new products to bolster growth in the Futures and Option segment,” he said. The depth and maturity of the market alone would help achieve the objective of protecting investors, he said.

Praising retail investors, he said that they are more educated and take informed decisions. Stating that India was on a roll, Damodaran said the capital expenditure in infrastructure sectors was expected to be $500 billion in the next few years.