India Set to Surpass Global Markets Despite Challenges: NSE CEO
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Synopsis
On April 8, NSE CEO Ashishkumar Chauhan expressed optimism that India will outperform global markets, attributing this to robust economic policies and strengthening trade relationships, especially with the US. Despite international uncertainties, India's growth momentum remains strong, positioning it to become the third-largest economy soon.
Key Takeaways
- India is set to outperform global markets.
- Strong economic framework and leadership contribute to confidence.
- Resilience shown compared to declining international indices.
- Shift towards bilateral trade benefits Indian companies.
- Growth momentum remains between 6.5 to 7 percent.
Mumbai, April 8 (NationPress) India is poised to outperform a majority of global markets in the upcoming months, despite escalating international uncertainties, stated Ashishkumar Chauhan, CEO and MD of the National Stock Exchange (NSE), on Tuesday.
He credited this optimism to India’s robust economic structure, strong governance, and shifting bilateral trade relationships.
The NSE chief remarked that India has exhibited resilience relative to other global markets over the previous week.
"While numerous international indices have faced significant drops -- for instance, the Hong Kong Stock Exchange plummeting by 13 percent, Indian markets have showcased relative strength, bouncing back after a slight decline and ensuring stability," Chauhan told IANS.
“India has navigated through relatively stable waters even as global markets encounter turbulence. Our policymakers and leaders have skillfully guided us away from volatility, and if this positive trend continues, we will likely excel beyond the rest of the world,” he added.
He also pointed out the increasing transition from multilateral to bilateral trade interactions, which is anticipated to benefit Indian enterprises both domestically and internationally.
"The strengthening ties between India and the US, particularly at the leadership level, are viewed as a favorable influence that will further bolster the Indian economy and markets," the NSE CEO conveyed to IANS.
“India's growth momentum -- hovering around 6.5 to 7 percent -- continues to position it as the fastest-growing economy globally. We are on course to surpass Germany and become the third-largest economy either this year or the next,” Chauhan noted.
In the forthcoming days, numerous countries are likely to engage in discussions with the United States to alleviate tariff pressures, and India will also advocate for its interests.
A recent SBI Research report indicated that India’s exposure to US tariffs is minimal, as its exports to the US constitute only around 4 percent of the GDP. The report also emphasized that the new US tariffs on India are the lowest among major Asian nations, granting India a competitive advantage over rivals like China, Vietnam, Thailand, and Indonesia.
