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Abstract
Financial liberalization has greatly influenced capital market development, which, in turn, affects economic growth. This paper examines the relationship between capital market development and economic growth in the post-financial liberalization era. It explores the theoretical framework, empirical evidence, and policy implications of financial liberalization on economic growth through capital market expansion. The paper also evaluates the risks and challenges associated with financial liberalization and offers policy recommendations for sustainable economic growth. Key words: Financial Liberalisation, Capital Market, Economic Growth and Sustainability