Debate Emerges Over Frequent Trading Holidays Amid Mumbai Municipal Election Closure

India's stock exchanges closed on January 15 for Mumbai's municipal elections, sparking debate over frequent market holidays. Zerodha CEO Nithin Kamath criticized the closure, citing poor planning and potential harm to India's global investment appeal. Market expert Sunil Subramaniam noted the operational disruption but said the economic impact is negligible. Others argue that many holidays reflect legacy practices, while some defend them as necessary for local observances. The discussion highlights tensions between market modernization and traditional scheduling.