The legislative framework of the country has been moving towards developing stronger, dependable and more participative/wider capital markets in India; as a result, they witnessed significant growth in this period. There is also a flip side to the story: the increasing number of scams and volatility in the market during this period. With the help of market regulators like SEBI and supportive legislation, a concerted attempt is being made to deliver clean markets. This paper seeks to take stock of the current situation; to see the kind of impact some of these activities have had on the market. Such an attempt has to be, by its very nature, a matter of vast scope; this paper is an attempt to approach the subject from certain perspectives, thereby contribute to the understanding of the current scenario.
Not everything that counts can be counted, and not everything that can be counted, counts.