India's m-cap-to-GDP ratio at 140%, more regulation needed: Jairam

Congress leader Jairam Ramesh said Indian financial markets "need more professional regulation" as India's stock market capitalisation currently stands at around 140% of its GDP. He further quoted Uday Kotak to explain his point. "Kotak...has warned that over-financialisation can hurt the Indian economy as investors move their savings into equities without understanding valuations," he said.