1995 dominate India's term-lending market. This puts India, in terms of usual measures of financial depth, at the top of developing countries. There are 23 stock exchanges in India trading in scrips of nearly 9,000 companies. India has the third largest investor base in the world with over 20 million shareholders. Trading operations at the Bombay Stock Exchange, India's largest, are screen based.
Foreign companies based in India find it easy to raise equity through public offerings.
FII's can operate both in primary and secondary markets. A central depository system is being set-up. Advertisers can reach more than 700 million people by television and the entire population by radio. This is the highest growth in last eight years. They provide a duty-free environment and basic infrastructural facilities.