A Study on the Evolution of Indian Stock Market in the Digital Era

Abstract

A strong and well-functioning financial sector is an influential engine for the economic growth of a country. Financial sector creates savings that leads to productive investments in business. Stock market is said to be the heart of the financial system of a country. Stock markets offer businesses a forum for raising their capital. Mutual funds, banks, individuals and other investors access the stock market to buy and sell shares/stocks of these businesses. Digitalization is turning out to be persistent across industries. The financial sector, especially the stock market, is crossing the transitional period, as it grabbed the opportunity in adapting digital technologies and innovate itself with new business models and services. The objective of the present study is divided into three components: firstly, to understand the growth progress of stock trading from pre to post digitalization period. Secondly, to evaluate the impact of online stock market growth in the country’s economy. And finally, to understand financial communication and its contribution in the steady growth of investment in Indian Stock Market. The findings of the study will have implication on Investors, Academicians, Industries and Policymakers and to all readers of the paper, as this paper attempts to throw light on evolution of the Indian Stock market in the digital era and its significance in the country’s economy.