NEW DELHI: The Indian stock market has the potential to help companies raise a whopping $150 billion (nearly 10 lakh-crore) annually to help meet the country's investment targets over the next five to seven years, leading bourse BSE’s chief Ashish Chauhan said.

This would mark an over 10-fold jump from an estimated $10-12 billion of funds raised annually from the Indian markets over the last two to three years from equity IPOs, bonds and Offer For Sale of shares among others routes, he said.

“But, India requires to raise probably $150 billion a year from the markets so that it can garner $700-800 billion over the next five to six years to meet the investment target of $2-3 trillion over this period of time to meet the targets under Make In India and other initiatives for various sectors,” Chauhan told PTI in an interview.

The comments assume significance as the equity IPO market has not been good for the last few years, except for the SME platforms, in terms of raising funds.

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