India’s market infrastructure is entering a new phase of growth, with exchange leaders calling for greater collaboration, stronger risk management and deeper global integration as investor participation and trading volumes rise.
The comments came during a panel discussion at the Global Fintech Fest 2026 on the future of exchanges, moderated by SEBI’s K V R Murty and featuring NSE MD and CEO Ashishkumar Chauhan, MCX MD and CEO Praveena Rai, Metropolitan Stock Exchange of India MD and CEO Latika S Kundu and BSE MD and CEO Sundararaman Ramamurthy.
Rai said India has a significant opportunity to become a stronger global price-discovery centre, particularly in commodities. As one of the world’s largest producers and consumers of several commodities, India needs to develop stronger domestic benchmarks and deepen participation, she said.
“Commodity markets tend to be more naturally inclined to global integration,” Rai said, adding that exchanges should focus not only on bringing products to Indian investors but also on taking Indian market products and services to a wider global audience.
She also highlighted the need for more sophisticated products if India is to attract greater global participation. The objective, she said, should be to build markets that can serve both domestic investors and international pools of capital.