Mumbai, July 27 -- As India moves towards 2047, we must build markets that are equal to the scale of its ambitions, stated Rohit Jain, Deputy Governor of the Reserve Bank of India (RBI). He noted that markets must channel savings into productive investment, enable risks to be priced and distributed efficiently, and serve businesses and investors with transparency and fairness. Above all, they must command confidence-not only when conditions are favourable, but also when markets are tested. Regulation can endeavour to create the conditions for such markets, but participants must provide the capability, liquidity and conduct that sustain them. He opined that deep markets require participants with different balance sheets, investment horizon...