Factors Contributing To The Development of Commodity Futures Market in India

Abstract

Commodity markets have been a major source of economic development of any country. With globalisation efforts since 1991, commodity markets in India too have been developing at a fast pace. With changes in regulations like SEBI taking over the regulation of commodity markets in India in 2015, these markets have developed very significantly on the lines of other financial markets. This article identifies the factors contributing to the growth of commodity future market in the emerging economy of India. A literature review is conducted to identify the different factors responsible for the development of commodity future markets in India. Qualitative research method is employed to identify the factors from the expert interviews. A thematic analysis is done to identify themes and sub-themes as a step towards identifying the factors contributing to the development of commodity futures market in India.