NSE CEO Ashish Chauhan Bullish On India
Transcript
00:00 It's a historic day today as the Nifty has hit the 20,000 mark and it's a privilege really
00:03 to be speaking with Mr. Chauhan, the MD and CEO of National Stock Exchange.
00:08 So I would like to learn from you in the previous 52 sessions, what has really stood out to
00:11 you in this rally from 19,000 to 20,000?
00:14 Anyway, last year has seen a huge amount of differences in the way the world works.
00:22 China has started slowing down.
00:24 The US, Europe, all of them have increased their interest rates and that's basically
00:29 a slowdown or have potential to slow down those economies.
00:34 Whereas India continues to march forward and today, just next day of G20 summit getting
00:42 over, the index reaching 20,000 tells you that the world is now happy about India, wanting
00:49 to invest in India and of course the Indian investors who are also investing in India
00:54 in a big way.
00:55 Earlier they used to invest in real estates, in gold, in fixed deposits.
01:01 Today some portion of their income or their savings is also now coming to the stock markets
01:08 and many youngsters who have come to the job market first time are pretty much earning
01:13 more than their parents are earning even today and many of them might be into consumption
01:18 but they also save and they have complete understanding of how the stock markets function
01:25 on the mobile.
01:26 Mobile has reached out and that's why the Indian public digital infrastructure has helped
01:32 us reach this level but more importantly, Nifty reaching 20,000 is a reflection of India's
01:40 progress over the last 27 years since it was launched in 1996 with the base of November
01:47 3, 1995 as 1,000.
01:48 So in a way it has given 20 times returns but if you add dividends and rights and bonuses
01:54 probably it would be 22, 25,000 and no other country in the world has given those kind
02:00 of returns even in dollar terms.
02:02 So in a way India has progressed well but I would say just the beginning, next 30, 40,
02:08 50 years we have a great opportunity to become rich before we become old and that's where
02:14 I think it's a good beginning, the systems are in place, Nifty is just a reflection of
02:20 how India is progressing and hopefully if Indians continue to invest in its growth by
02:27 investing in stocks for long term, I'm sure and of course everyone has to work hard to
02:32 achieve what we need to achieve as a country.