The National Stock Exchange (NSE) and Indian Gas Exchange (IGX) have announced plans to jointly develop a futures contract for natural gas, a move aimed at enhancing price discovery, market transparency, and liquidity in India’s energy sector. The new derivative product will allow producers, distributors, and industrial consumers to hedge price risks while promoting efficient trading in the domestic gas market. Analysts note that the initiative aligns with India’s broader energy transition goals and the push for market-based pricing.