What Insights Did Foreign Diplomats Gain About India's Financial Infrastructure and Market Reforms?

New Delhi, June 9 (NationPress) A detailed discussion on India's strong financial infrastructure, market reforms, and the increasing importance of Indian capital markets globally took place during a groundbreaking interaction between the Heads of Foreign Missions in Delhi and the National Stock Exchange (NSE) on Monday.

This initiative, part of the Foundation for Public Awareness and Policy (FPAP), convened the diplomatic community and NSE for a session titled 'Road to Viksit Bharat: Contribution of Capital Markets'. The event underscored the vital role that India's capital markets play in realizing the vision of Viksit Bharat by 2047, as articulated by Prime Minister Narendra Modi.

The exclusive meeting aimed to enhance India's global partnerships through meaningful dialogues with key players in India's financial ecosystem, with NSE at the heart of this framework. It provided a comprehensive understanding of how India's capital markets are instrumental in the nation's economic growth narrative and their essential role in transitioning to a developed country by 2047.

Numerous heads of foreign missions in Delhi attended the event, which featured Ashishkumar Chauhan, Managing Director and CEO of NSE. The discussion was moderated by Vijay Chauthaiwale, Vice Chairman and Trustee of FPAP, alongside Anirban Ganguly, Chairman of FPAP.

“It was a fantastic discussion with Ashishkumar Chauhan about NSE's contribution to India's financial development. The growth of the stock exchange is impressive. Thanks to Vijay Chauthaiwale for organizing such an insightful event,” tweeted Rasmus Abildgaard Kristensen, Ambassador of Denmark to India, following the interaction.

The session offered valuable perspectives on investment opportunities, regulatory frameworks, and the transformative impact of technology on India's financial sector evolution for the heads of foreign missions in Delhi.

“At FPAP, our dialogues with mission heads strengthen India's global partnerships. Such exchanges amplify public awareness and help shape policies that foster India's growth trajectory. Economic growth is crucial for achieving the Viksit Bharat goal by 2047, as envisioned by our Prime Minister Narendra Modi. The role of the National Stock Exchange is paramount. NSE is the leading stock exchange in the country, serving as the gateway to the Indian economy and a technology pioneer. Through interactions with institutions like NSE, we aim to align India's financial strengths with global aspirations,” stated Chauthaiwale.

This interaction marked a pivotal moment in showcasing India's financial market capabilities to the international diplomatic community, promoting a deeper understanding of the nation's economic potential and investment prospects. Discussions highlighted India's impressive journey towards becoming a global financial hub, covering topics such as market depth, liquidity, and the innovative application of technology that has established NSE as a world-class exchange.

“Engaging with mission heads in Delhi highlights our dedication to positioning India's capital markets as a global benchmark, driving economic diplomacy and investor confidence. Under Prime Minister Modi and Finance Minister Nirmala Sitharaman, India has risen to the rank of the fourth largest capital market worldwide, following the USA, China (including Hong Kong), and Japan. India's market capitalization has surged more than sixfold in 11 years, escalating from Rs 74 lakh crore (approximately US$ 1.2 trillion) in May 2014 to around Rs 450 lakh crores (about US$ 5.2 trillion) today. This growth signifies increasing public trust in the Government of India, Indian entrepreneurs, and the nation's future. Such interactions with the diplomatic community reaffirm our commitment to the vision of Viksit Bharat by 2047,” remarked NSE MD and CEO Ashishkumar Chauhan.

The event also spotlighted India's commitment to financial inclusion, sustainable finance initiatives, and the role of capital markets in channeling investments towards infrastructure advancement and economic growth. The heads of foreign missions expressed a strong interest in understanding how India's capital market ecosystem supports both domestic and international investors while contributing to the broader economic development agenda.

The FPAP announced plans to organize more such interactions between the diplomatic community and NSE to foster awareness and in-depth understanding of India's capital markets.