{"title":"Sustainable Development: A Study of Indian Financial Derivatives Market","authors":"Madhusmita Mishra, P. K. Padhi","doi":"10.5958/J.2231-0649.12.3.002","DOIUrl":null,"url":null,"abstract":"The world financial market has undergone qualitative changes in last three decades due to phenomenal growth of derivatives, which play a significant role in implementing financial policies. In the present business scenario, importance of derivatives market is an ingenious feat of financial engineering that provides an effective solution to the problem of risk that is embedded in the price unpredictability of the underlying asset. In India, the sustainable development of derivatives market is relatively a recent phenomenon. Since its inception in June 2000, derivatives market has exhibited exponential growth, both in terms of volume and number of traded contracts. In 8 years, derivatives trading in India has surpassed cash segment in terms of turnover and number of traded contracts.","PeriodicalId":268303,"journal":{"name":"Siddhant- A Journal of Decision Making","volume":"505 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Siddhant- A Journal of Decision Making","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.5958/J.2231-0649.12.3.002","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
The world financial market has undergone qualitative changes in last three decades due to phenomenal growth of derivatives, which play a significant role in implementing financial policies. In the present business scenario, importance of derivatives market is an ingenious feat of financial engineering that provides an effective solution to the problem of risk that is embedded in the price unpredictability of the underlying asset. In India, the sustainable development of derivatives market is relatively a recent phenomenon. Since its inception in June 2000, derivatives market has exhibited exponential growth, both in terms of volume and number of traded contracts. In 8 years, derivatives trading in India has surpassed cash segment in terms of turnover and number of traded contracts.