Talking about the path ahead for NSE and the overall Indian capital markets space, the NSE chief said: "We can definitely say today that India is one of best markets in the world and the transformation that has taken place from the time it was in 90s has been possible because of right policy actions taken by regulators, government and th exchanges.
"But challenges before us are different today. We have definitely managed to come among the top few markets of the world.
"But, to stay ahead and to be one of the really large powerhouses of the world, that requires a new set of actions that we should be initiating and that means we must be ready to rethink our different pillars and we must be ready to unleash a new set of changes," Ramkrishna said.
"That is how we can be relevant, competitive and go ahead of others. We just can not do that with just the existing pillars. We have to completely re-architect ourselves and then I am sure we will be able to achieve those kind of lofty goals because there is nothing that is not achievable."
She said that it is very easy to understand why markets like Singapore or Hong Kong are more attractive than India and these gaps can be addressed as well.
"In fact not only address those gaps, we can as well go ahead of those markets. These should be the work to be done in coming years," she added.
About domestic equity culture, Ramkrishna said that there are hardly about 1.5 crore domestic investors in the country and it was not the case that these many people are trading in the markets every day.
"There are people who might have invested at any point of their life. I am not even saying that all of them should come directly to the market, but savings form a very small proportion of the equity capital in this country.
"Unless we are able to create an environment where more savings come into the market, we can not create capital for growth. We need to think what