XBRL Powers Transparency Across India’s Capital Markets
India’s capital markets are confidently working in the digital age. Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are expanding their use of XBRL for company disclosures. It’s a quiet but transformative shift that is strengthening transparency, data quality, information provider and investor access.
Last week, John Turner, CEO of XBRL International, met with senior teams from NSE and SEBI in Mumbai, joined by Revathy Ramanan, XBRL International’s Guidance Manager, to discuss recent progress and next steps in India’s structured data journey. The exchanges shared updates on the rapid uptake of XBRL-based filings for annual reports, financial results, a range of Corporate Actions announcements and Business Responsibility and Sustainability Reports (BRSR).
Having moved away from static PDFs to machine-readable, structured data, the exchanges are helping investors and analysts, as well as the regulators and exchanges themselves to extract and compare key information instantly. Importantly, SEBI and the exchanges are increasingly using XBRL data in their own monitoring, surveillance, and risk assessment processes — helping strengthen regulatory oversight and market integrity.
NSE’s XBRL information page and BSE’s Listing Centre both highlight growing support for integrated, digital-first filings.
India’s embrace of XBRL is already improving timeliness, comparability, and confidence in capital-market data — laying the digital foundations for smarter investment, better governance, and stronger global trust. There is certainly scope to continue to improve these frameworks but the Indian authorities and these key intermediaries are to be congratulated on their progress and innovation. Individual filings in XBRL and soon Inline XBRL can be accessed from the Exchanges, including Finance Statements, Sustainability Reports and Corporate Announcements. Complete data series in XBRL can be accessed by way of subscription. More here.
