What happened (proposal to revive Calcutta Stock Exchange)
The proposal is to restore the role and relevance of the Calcutta Stock Exchange. The argument links revival to three outcomes: wider financial inclusion, deeper regional capital formation, and an additional venue for trading and raising capital.
Background and earlier position (historical significance, then loss of prominence)
The Calcutta Stock Exchange is described as historically significant, but it has lost prominence over time. The decline in prominence is associated with reduced local market intermediation, meaning fewer local pathways connecting investors with issuers in the region.
What changed now (conditions for credibility in contemporary markets)
Revival is framed as depending on credibility and competitiveness. The proposal highlights regulatory clarity so the exchange can operate under clear rules, modernisation to meet contemporary functioning expectations, and governance reforms so the exchange can operate credibly and compete with current market venues.
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