No fundamental challenges to India's growth story despite FPI selling, says NSE Chief Business Officer

New Delhi [India], November 9 (ANI): Amid sustained selling by foreign portfolio investors (FPIs) in the Indian stock markets, Sriram Krishnan, Chief Business Officer of the National Stock Exchange (NSE), expressed confidence in the resilience of India's growth story.
He emphasized that the current FPI sell-off does not indicate any fundamental issue with India's economic prospects and that India remains an attractive destination for investments.
He noted that despite recent market volatility, the long-term outlook for India is robust, positioning the country as a solid choice for investors worldwide.
" According to analaysts, in the last one month, because of the US elections, there was a bit of uncertainty and a lot of people feel that the selling FPI selling we have witnessed is because of the elections, the run up to the elections where there was a neck to neck situation being seen by many. But if you look at the India story, India seems to be a very strong, attractive investment destination, it continues to be, so we don't see any fundamental challenges. We are as an exchange quite confident that you know, investors will continue to trade on NSE in India" said Krishnan in an exclusive conversation with ANI.
Krishnan also addressed the anticipated IPO of the NSE, clarifying that the exchange is awaiting regulatory approval. He assured that once all regulatory requirements are met, the NSE will proceed with the IPO, although he did not provide a specific timeline.
He said "As and when we get the regulatory approval, we will do the IPO, we don't have any idea right now. Whenever we get the approval, we will do the IPO".
As the young investors are attracting towards the markets, Krishnan shared the exchange's initiatives to educate and engage young investors. He stated that with growing interest from younger demographics, the NSE has launched various resources, including a new app and an extensive range of educational programs.
"We conduct about 20,000 investor awareness programs annually," Krishnan said, adding that the NSE is eager to collaborate with certified trainers to expand these educational efforts further.
The exchange's website also offers a wealth of learning resources, aimed at equipping investors of all ages with the knowledge to navigate the markets confidently.
He added "So anybody who is desirous of learning more can, you know, participate in these events programs which are being held from time to time or, you know, depend on the resources that we have on our website". (ANI)