India’s market regulator has called on financial institutions and intermediaries to prioritize genuine innovation over replication, as Securities and Exchange Board of India underscored the need for originality in a rapidly evolving capital market landscape. Speaking on emerging trends, a senior SEBI executive director cautioned that merely copying global products or business models may limit long-term value creation and increase systemic risk. The message comes as India’s markets deepen, technology reshapes finance, and investors demand more sophisticated solutions.