IPOs in India: Exit Vehicles for Early Investors, Warns CEA

In India, Initial Public Offerings (IPOs) are more often used to help early investors leave, not to raise money for the company's future.

This could be bad for the country's long-term growth, says the Chief Economic Adviser (CEA).

The head of India's stock market regulator, Sebi, says IPOs should be flexible to meet different company needs.

The CEA also warns about relying too much on foreign money and the risks of the AI boom busting.