NSE Chief Bullish on Indian Economy Amid FPI Sell-off

Mumbai, India - Sriram Krishnan, Chief Business Officer of the National Stock Exchange (NSE), has expressed a strong belief in the enduring strength of the Indian economy, despite recent fluctuations due to foreign portfolio investor (FPI) divestitures. In a statement to ANI, Krishnan emphasized that the current market volatility does not reflect underlying issues within India's economic framework.

Krishnan pointed out that the sell-off by FPIs, particularly over the last month, could be attributed to global uncertainties, including the upcoming US elections. "A lot of people feel that the selling we have witnessed is because of the elections, the run-up to the elections where there was a neck-and-neck situation," he explained. However, he remains confident that India's appeal as an investment destination remains intact. "India seems to be a very strong, attractive investment destination; it continues to be so, and we don't see any fundamental challenges," Krishnan added.

The NSE, India's leading stock exchange, is also preparing for its Initial Public Offering (IPO). Krishnan noted that while the exchange is ready to move forward, the launch of the IPO is contingent on receiving regulatory approval. "As and when we get the regulatory approval, we will do the IPO. We don't have any specific date set yet," he stated.

In addition to market updates, Krishnan highlighted the NSE's commitment to investor education. "We conduct about 20,000 investor awareness programs annually," he mentioned, encouraging potential investors to utilize the resources available on the NSE website or participate in educational events organized by the exchange.

Krishnan's optimistic outlook and proactive approach towards investor education and market stability underscore the NSE's confidence in India's economic resilience and its role in fostering a conducive environment for investors both domestic and international.