Mumbai, Maharashtra: Reacting to the big fall in the Indian stock market, CEO of National Stock Exchange (NSE), Ashish Chauhan said that India has performed well in the last one week as compared to other stock markets of the world. India is doing better than other countries. We are facing big uncertainties in the present times but the policy makers of India are bringing us out of it. Overall, experts believe that the Indian market will do better than other countries.
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00:00India has done well over the last one week compared to the rest of the world and largely
00:04is because some of the framework which is cutting down on multilateralism, going down
00:11into bilateralism, is actually going to help Indian companies to do that business in India
00:17but also abroad, especially given the relationship between the two heads of states, between U.S.
00:23and India.
00:24It's going to be even better going forward and that's where most people expect Indian
00:29markets to do well compared to the rest of the world.
00:31See, currently we are in the process of tremendous uncertainties across the world market but
00:37India has been kind of in calm waters and our policy makers and our leaders have slowly
00:43moved us away from those turbulence into very calm waters over the last few weeks but going
00:50forward also, hopefully we'll do much better than the rest of the world.
00:53Broadly speaking, India has done better than others.
00:57Like yesterday, you would have seen Hong Kong Stock Exchange Index went down by 13%.
01:02Indian markets went down by 3.5% and today it has come back by most of the losses of
01:09yesterday.
01:10So broadly speaking, Indian markets have done better than others and so that's where I think
01:14overall most experts feel that India will do better even in the markets given India's
01:19own growth momentum which is 6.5%, 7% even this year, which is making it the largest
01:25fast-growing economy in the world and it's going to probably take up the mantle of third
01:32largest economy from Germany either this year or next year going forward.
01:36So I think India is going to do well.