India's Derivatives Market: A Global Success Story Driven by Reform and Tech

• India's F&O market transformed from a nascent ecosystem to the world's largest derivatives marketplace in two decades.
• Monthly volumes surged from $10 million in 2000 to over $1.1 trillion in March 2024, a 50,000-fold increase.
• National Stock Exchange (NSE) ranked as the world's number one derivatives exchange by trading contract volume for three consecutive years (2021-2023).
• Growth fueled by progressive regulatory reforms like weekly-expiring contracts and revised expiry frameworks, balancing access and investor protection.
• India's streamlined market structure and technological backbone offer structural advantages over fragmented developed markets like the US and Europe.