NSE Chief Optimistic About India's Investment Climate Amid FPI Outflows

Mumbai, [10, Nov, 2024] - Amidst a period of sustained selling by Foreign Portfolio Investors (FPIs) in the Indian stock markets, Sriram Krishnan, Chief Business Officer of the National Stock Exchange (NSE), remains bullish on India's economic prospects. In an exclusive interview with ANI, Krishnan dismissed concerns that the recent FPI sell-off reflects any underlying issues with India's growth story, asserting that the country continues to be a magnet for global investments.

Krishnan highlighted that the volatility in the market, particularly in the past month, might be attributed to external factors like the upcoming US elections, which have introduced some uncertainty among investors. "If you look at the India story, India seems to be a very strong, attractive investment destination. We don't see any fundamental challenges," he stated, reinforcing confidence in India's market resilience.

Addressing the much-anticipated IPO of the NSE, Krishnan clarified that the exchange is currently in the process of obtaining regulatory approvals. "As and when we get the regulatory approval, we will do the IPO," he noted, although he did not specify a timeline for this event.

With an eye on the future, Krishnan also discussed the NSE's efforts to engage and educate the next generation of investors. Recognizing the surge in interest from younger demographics, the NSE has introduced various educational initiatives. "We conduct about 20,000 investor awareness programs annually," Krishnan said, emphasizing the importance of financial literacy. The NSE has also launched a new app and made available an extensive range of educational resources on its website to help investors make informed decisions.

Krishnan encouraged potential investors to leverage these educational platforms: "So anybody who is desirous of learning more can participate in these events and programs which are being held from time to time or depend on the resources that we have on our website."

This approach not only aims to foster a more knowledgeable investor community but also underscores NSE's commitment to maintaining investor confidence amidst global economic fluctuations. The exchange continues to play a pivotal role in India's financial ecosystem, adapting and innovating to meet the evolving needs of its investors.