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New Delhi: The Indian stock market remains fundamentally strong on the grounds of a sustained high economic growth rate, robust savings pools, strong banking balance sheets, a reform-driven agenda, and a rapid wave of digitization, said NSE managing director and CEO Ashishkumar Chauhan on Thursday, August 27. The statement of the NSE chief came amidst recent US tariff turbulence and the renewed tariff row between India and the US.
The NSE chairman was addressing concerns over the sharp volatility that was observed in the benchmark indexes BSE and NSE courtesy of the Trump tariffs. He said Indian equity markets are anchored in strong macroeconomic foundations such as consistent high economic growth, accelerated digitalization for financial inclusion, a slew of institutional reforms, and well-capitalized banks. These strengths, he noted, position the markets to face global shocks while continuing to offer stability and long-term opportunities to investors.
The chairman's comment came amidst the backdrop of a steep decline that was observed in the Indian stock market, with SENSEX tanking more than 700 points and NIFTY going down by 211 points in a single trading session. The immediate cause for this bloodbath on Dalal Street is attributed to the US doubling duties on India to 50 percent.
However, Chauhan is putting faith in the resilience of Indian markets and their past recovery in the face of global crises across countries, ranging from the Asian financial meltdown of the 1990s to the 9/11 aftermath to the 2008 global financial crisis and the COVID-19 pandemic. Each of these disruptions, he argued, ultimately catalysed stronger institutions, deeper reforms, and greater investor confidence in India’s growth story.
"This resilience, underpinned by prudent regulation and strong governance, ensures that India is not just navigating turbulence, but steadily advancing towards its vision of Viksit Bharat 2047, as a leading global economic and financial powerhouse," he said, as quoted by PTI.
Looking ahead, he highlighted that expanding domestic consumption, rapid technological transformation across sectors, and balanced regulation will equip India to absorb external volatility. The markets, he said, are not only navigating global turbulence but steadily moving toward the vision of Viksit Bharat 2047, with India poised to emerge as a leading global economic and financial power.
