Central Depository Services (India) Limited (CDSL), in collaboration with KPMG in India, has released the third edition of its “Reimagine” thought leadership report, calling for a data-led transformation of India’s securities market. Titled “Reimagine: Securities Market through Data Synergy,” the report introduces a Creation–Control–Culture (3C) framework to strengthen governance, innovation, and transparency across the ecosystem. The report stresses that “data risk is market risk” and proposes a structured approach to build shared data infrastructure, strengthen cyber safeguards, and promote responsible data practices. It also suggests a central regulatory operating model to improve interoperability, align regulatory expectations, and enhance investor protection in a rapidly evolving market.
CDSL MD & CEO Nehal Vora said data synergy can enable a resilient and trust-driven market, adding that it supports India’s vision of a self-reliant investor base. KPMG’s Akhilesh Tuteja highlighted that intelligent use of data will drive the next phase of economic growth. With household participation in securities markets at around 20%, the report sees strong potential for expansion. It identifies four key areas of opportunity: better price discovery, personalised investor experiences, improved risk and fraud detection, and agile regulation through RegTech and SupTech.
In Guwahati, the push for data-driven systems is expected to improve access for retail investors in Assam, where participation in equity markets is steadily rising. Enhanced digital infrastructure, multilingual investor education, and stronger safeguards could help build trust among first-time investors in the region.