 "India's core sector growth down to 19-month low of 1.8% in January")
To deepen and grow commodity markets in India with an intention to make India a price-setter than a price-taker, the Securities and Exchange Board of India has proposed, ‘one commodity, one exchange’ plan even though currently multiple exchanges are allowed to launch contract on the same commodity to create competition and give choice to investors.
As of now, the Multi Commodity Exchange (MCX) is a major player in metals, precious metals and energy contracts, while National Commodity and Derivatives Exchange (NCDEX) in agriculture )segment and Indian Commodity Exchange (ICEX) in diamonds, paddy and steel. However, according to the regulator, the
