The Indian government's proposal to revive the defunct Calcutta Stock Exchange (CSE) is encountering significant skepticism regarding its feasibility.
The plan, announced by the Bharatiya Janata Party-led administration, aims to restart operations at the historic 118-year-old bourse located on Lyons Range.
However, market observers note that the initiative faces substantial structural and logistical challenges that must be addressed before the exchange can attract meaningful trading activity.
Reviving the CSE is not merely a symbolic gesture; it requires comprehensive infrastructure improvements and a clear value proposition for market participants.
The exchange has been inactive for decades, and re-establishing it would demand significant investment in technology, regulatory compliance, and market-making mechanisms.
Without these foundational elements, the exchange risks remaining a dormant entity despite political backing.