Why study the Vijayawada Exchange?
The study of the process and social groups active in the Vijayawada stock exchanges provides valuable clues about the economic behaviour of capital and various social groups / people in the early phase of the process of liberalisation. Such a localised study enables us to analyse the various problems that afflicted the stocks markets in general and the region in particular. The behaviour of investors and other participants in local exchanges enable us to understand the investment behaviour as well as economic priorities of the people in the region. At the outset it may be imperative to point out that the discussion of the unofficial, illegal stock exchanges of Vijayawada presuppose that the trading practices that took place may be classified as stock market trading as they are present in the official ‘stock exchanges’. The presupposition is undertaken because, organisationally and functionally, the Vijayawada stock trading was very much similar (and in many cases more efficient) than t
