<h1>India's Capital Markets Thrive Amid Global Challenges; LIC IPO Shines, Pension Sector Expands, Crypto Regulation Needed.</h1> The Economic Survey 2022-2023 highlights the robust performance of India's capital markets, driven by increased participation from SMEs and domestic investors. India's stock markets outperformed global peers, despite economic challenges, with significant IPO activity, including the historic listing of LIC. The insurance sector is poised for growth, supported by digitization and increased FDI limits. The pension sector shows expansion, with government initiatives enhancing pension literacy and participation. Foreign portfolio investments remain strong, and domestic institutions counterbalance FPI outflows. The survey also emphasizes the need for a unified approach to crypto regulation and highlights the growth of India's International Financial Services Centre in GIFT City.