India's growth story remains strong despite FPI selling, says NSE Chief Business Officer
Nov 9, 2024, 15:23 IST
In light of ongoing foreign portfolio investor (FPI) sell-offs in India’s stock markets, Sriram Krishnan, Chief Business Officer at the National Stock Exchange (NSE), expressed confidence in the resilience of India's growth prospects. He emphasised that despite recent FPI outflows, India remains a compelling destination for global investments.
Krishnan attributed the recent sell-off to uncertainty surrounding the U.S. elections, which created market volatility. However, he reassured that these temporary fluctuations do not reflect any fundamental weakness in India’s economy. "India continues to be a strong, attractive investment destination," he said in an exclusive interview with ANI, adding that the NSE remains confident in its ability to draw investor interest.
On the subject of the anticipated NSE IPO, Krishnan clarified that the exchange is still awaiting regulatory clearance and will move forward once approvals are obtained. While he did not provide a specific timeline, he assured investors of NSE’s commitment to fulfilling all regulatory requirements.
Additionally, Krishnan highlighted the NSE’s ongoing efforts to engage younger investors through education and digital resources. To cater to a growing demographic of young market participants, the NSE has launched an app and holds around 20,000 investor awareness programs each year. "Our website also offers extensive resources for investors to learn and gain confidence in navigating the markets," he noted, encouraging anyone interested to take advantage of these opportunities.
The NSE is also working with certified trainers to expand its educational outreach and ensure investors of all ages have access to quality learning resources.
(With inputs from agencies)
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Krishnan attributed the recent sell-off to uncertainty surrounding the U.S. elections, which created market volatility. However, he reassured that these temporary fluctuations do not reflect any fundamental weakness in India’s economy. "India continues to be a strong, attractive investment destination," he said in an exclusive interview with ANI, adding that the NSE remains confident in its ability to draw investor interest.
On the subject of the anticipated NSE IPO, Krishnan clarified that the exchange is still awaiting regulatory clearance and will move forward once approvals are obtained. While he did not provide a specific timeline, he assured investors of NSE’s commitment to fulfilling all regulatory requirements.
Additionally, Krishnan highlighted the NSE’s ongoing efforts to engage younger investors through education and digital resources. To cater to a growing demographic of young market participants, the NSE has launched an app and holds around 20,000 investor awareness programs each year. "Our website also offers extensive resources for investors to learn and gain confidence in navigating the markets," he noted, encouraging anyone interested to take advantage of these opportunities.
The NSE is also working with certified trainers to expand its educational outreach and ensure investors of all ages have access to quality learning resources.
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