Mumbai, July 30 -- Wider participation in commodity derivatives is expected to strengthen India's price discovery ecosystem while expanding investment opportunities beyond traditional asset classes, industry leaders told ANI on Thursday, highlighting growing interest in commodity-based investment products and the country's long-term potential to emerge as a price reference in global commodity markets.

Speaking to ANI, Commodity Participants Association of India (CPAI) alternate President Ajay Garg said commodities are increasingly emerging as an important part of diversified investment portfolios because they offer protection against inflation.

"Commodity is a diversified asset class because it is inflation protected... Generally, peopl...