Define the term 'Capital market' Explain the characteristics & structure of capital market.
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Capital Market is a market for financial investments that are direct or indirect claims to capital.
It is wider than the securities market and embraces all forms of lending and borrowing. It is a market,
where business enterprises and governments can raise long-term funds. Capital market is wider term
and includes security market.
Capital market structure of India is complex. Also, it makes up the significant part of a financial market. ... It is a place for long-term financial assets which have long or indefinite maturity. The capital market provides long-term debt and equity finance for the government and the corporate sector.
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