Ease of access is a staple of market booms. It’s hard to imagine American stocks, for example, surviving these days without support from retail, institutional and international investors alike. In the same way, much of China’s incredible market boom is thanks to Hong Kong, whose exchange opens the gate to millions of investors who want a piece of the world’s hottest market.
Now it looks like ease of access is coming to India.
“India is planning to open the country’s equity markets to foreign retail investors,” The Financial Times reported earlier this month. While there’s nothing definite yet, an Indian government panel recently recommended the finance ministry remove many of the barriers that currently prevent small international investors from buying Indian companies. (At present, only institutional-sized investors can have the full pick of Indian companies.)
According to the FT, Indian regulators are taking the panel’s advice and beginning to build an exchange capable...