SEBI chief Tuhin Kanta Pandey says India’s capital markets are growing deeper and more resilient

Securities and Exchange Board of India Chairman Tuhin Kanta Pandey at the second edition of Moneycontrol's Global Wealth Summit 2026

• Indian capital markets are deepening and becoming resilient
• Markets are evolving with tech, rapid info flow, and global links
• Next phase needs deeper bond markets and more tech innovation

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Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Saturday said India's capital markets are deepening and become increasingly resilient.

Speaking at the second edition of Moneycontrol's Global Wealth Summit 2026, he said the Indian capital markets are expanding. "They are deepening, diversified and becoming increasingly resilient.But as markets grow in scale and complexity they also become more closely connected to global developments. And that brings us to the changing landscape in which today's market operates."

According to the Sebi chief, efficient capital markets lay a stabilising role in an uncertain world. "They enable transparent price discovery. They help absorb shocks without destabilising the broader financial system. And perhaps most importantly, they sustain investor confidence.Efficiency is the foundation of trust in the financial system. Without that, that for us, capital hesitates," he said.

According to him, the environment in which Indian markets function is "evolving rapidly".

"One important shift is economic fragmentation. Trade corridors are changing.Supply chains are being restructured and investment flows are responding to these steps.Another major transmission is driven by technology. Algorithmic trading, artificial intelligence, and advanced data analytics are accelerating the speed at which markets operate.Liquidity conditions are also becoming more episodic, " he said.

Pandey said global capital flows can move quickly across geographies. However, he said perhaps the most striking change is the velocity of information. "News travels quickly, opens travel even faster, and most importantly, markets today react almost instantly to the narratives.And therefore, the question before policymakers and market participants alike is.How do we ensure that speed does not compromise stability," he said.

He also said liquidity conditions are also becoming more episodic. "Global capital flows can move quickly across geographies.But perhaps the most striking change is the velocity of information. News travels quickly, opinions travel even faster, and most importantly, markets today react almost instantly to the narratives," he said.

Pandey also said as India continues its economic journey, capital markets will play an even more important role. "The next phase of development will require eeper bond markets,  stronger institutional participation and continued technological innovation," he said.