Prime Minister Modi wants India to become an economic powerhouse — but that means finding the right balance in its capital markets. Regulators are opening doors to sophisticated foreign investors who see opportunity in its booming derivatives market, while retail investors pay a steep price for the risks they take. Its IPO market is thriving and its booming, households are shifting savings from gold to equities, but the success of India's capital markets will depend on its ability to encourage the right kind of risk-taking. (Source: Bloomberg)
