1. Near means close to in terms of distance.
His house is near his office.
She lives near San Francisco.
2. Near means within a short time.
His birthday is near Thanksgiving.
Economy of India
The development of Indian security markets began with launch of Bombay Stock Exchange BSE , Mumbai in July 1875 and Ahmedabad Stock exchange in 1894 and 22 other exchange in various cities over the years. In 2014, India s stock exchange market became the 10th largest in the world by market capitalization, just above those of South Korea and Australia.India s two major stock exchanges, BSE and National Stock Exchange of India, had a market capitalization of US$1.4997 trillion and US$1.4722 trillion respectively as of June 2014, according to World Federation of Exchanges.
The Initial Public Offering IPO market in India has been small compared to NYSE and NASDAQ, raising US$300 million in 2013 and US$1.4 billion in 2012. Ernst and Young states that the low IPO activity reflects market conditions as well as slow government approval process and complex regulations. Before 2013, Indian companies were not allowed to list their securities internationally without first completing an IPO in India. In 2013, these security laws were reformed and Indian companies can now choose where they want to list first overseas, domestically, or concurrently.Further, security laws have been revised to ease overseas listings of already listed companies, to increase liquidity for private equity and international investors in Indian companies.