NSE Chief Business Officer Bullish on Indian Economy Despite FPI Sell-Off

Mumbai, [Date] - Sriram Krishnan, the Chief Business Officer of the National Stock Exchange (NSE), has voiced a strong optimism regarding India's economic prospects, despite recent sustained selling by Foreign Portfolio Investors (FPIs) in the Indian stock markets.

Krishnan emphasized that the sell-off by FPIs does not reflect any underlying issues with India's economic fundamentals. "India remains an attractive destination for investments," he stated, adding that the country's long-term growth story remains robust, making it a compelling choice for global investors.

He attributed the recent market volatility to external factors like the uncertainty surrounding the US elections, which have caused investors to pull out funds. However, Krishnan reassured that India's investment environment remains strong and fundamentally sound. "We don't see any fundamental challenges. We are confident that investors will continue to trade on NSE in India," he remarked during an interview with ANI.

Additionally, Krishnan touched upon the NSE's plans for an Initial Public Offering (IPO), indicating that the exchange is poised to launch as soon as regulatory approvals are secured. "As and when we get the regulatory approval, we will do the IPO," he stated, without providing a specific timeline.

In an effort to enhance investor education, Krishnan highlighted the NSE's commitment to conducting investor awareness programs. "We conduct about 20,000 investor awareness programs annually," he noted, encouraging potential investors to participate in these educational initiatives or utilize the resources available on the NSE's website.

The NSE's bullish stance comes at a time when global economic uncertainties have led to fluctuations in investment flows, yet it underscores a firm belief in India's economic resilience and growth potential.