NSE Chief Bullish on Indian Economy Despite FPI Sell-Off

Mumbai, October 12, 2023 - Sriram Krishnan, Chief Business Officer of the National Stock Exchange (NSE), remains optimistic about India's economic prospects despite continuous selling by Foreign Portfolio Investors (FPIs) in the Indian stock market. In a recent statement, Krishnan emphasized that the current market volatility, primarily driven by external factors like the US elections, does not reflect any fundamental weaknesses in India's economic framework.

Krishnan highlighted that the long-term outlook for India remains robust, making it an attractive destination for global investments. "India continues to be a strong, attractive investment destination," he remarked, countering concerns over the recent FPI sell-off. He reassured that the NSE is confident in the sustained investor interest in the Indian market.

The NSE executive also touched upon the exchange's plans for an Initial Public Offering (IPO). "We are awaiting regulatory approval. As and when we get it, we will proceed with the IPO," Krishnan stated, without committing to a specific timeline.

Moreover, Krishnan expressed the NSE's commitment to investor education, noting that the exchange organizes approximately 20,000 investor awareness programs each year. "Anyone interested in learning more can participate in these events or utilize the resources available on our website," he encouraged.

The NSE's stance comes at a time when FPIs have been net sellers in the Indian market, influenced by global economic uncertainties. However, Krishnan's confidence underscores a belief in India's economic resilience and growth potential, positioning the country as a solid choice for investors worldwide.