Market geared up to aid India achieve $5tn economy mark: SEBI Chairman

India`s equity market is geared up to aid the country achieve the $5 trillion economy mark, SEBI Chairman Ajay Tyagi said on Wednesday.

Speaking at the Ficci`s 17th Annual Capital Market Conference `CAPAM2020`, Tyagi said the equity market systems are well geared up to take on the current challenges.

The theme of the conference is `Atmanirbhar Bharat: Role of Capital Market`.

He acknowledged that the country is passing through a difficult, stressful and challenging time due to the Covid-19 outbreak.

Besides, Tyagi called for the development of the country`s corporate bond market.

Terming the segment as critical, he pointed that some initiatives in this regard have been taken, however, more reforms are required.