Workers walk in the atrium of the India Ltd National Stock Exchange. (NSE) in Mumbai, India, Tuesday, December 20, 2022.
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Entrepreneurs or startup founders who want to get rich – and become billions – should list on the Indian National Stock Converge live Event in Singapore on Wednesday.
India is in the place where “a lot of brain, a lot of businesses and very few capital,” he said.
So many companies appeared in South Asia power plant in just last year, Chauhan said, adding that about 200 micro companies were listed on NSE only 2024.
“Some will become one billion tomorrow. So, I say a lot of people … You want to become billionaires? A list on NSE,” Chauhan told CNBC Steve Sedgwick.
Last year, a total of $ 19.2 billion was collected from a list in Indian markets, Chauhan said, noting that this is the largest number of census in the world.
So far, the censuses in the Indian market “still continue”, and this year, although “not at the same speed”, as in 2024, he said.
“If the market appears … you’ll see many more iPo -a [initial public offerings] Going forward, “he added.
IPO NSE is the one who is carefully observed by investors following a few delays from their initial application in 2016. Chauhan, however, did not provide much insight into when the iPo would be launched.
Previous reports show that the largest Indian Berza awaits approval from Securities regulator before it can proceed.
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Chauhan’s optimism in Indian markets comes even when the shares decreased after the poor start of the year.
Measure NIFTY 50 Index and BSE Sensex Index – which represents the 30 largest and most prominent companies in Bombay on the stock market – have been reduced by 5.37%and 5.72%, or starting the year.
Indian shares were injured with concern for estimates, as well as the power of the US dollar, which dampened his appeal against foreign property for foreign investors, Chauhan said at the Margine Conference.
“The estimates are now returning close to the 10-year average, and this should be attracted to retail investors and foreign institutional investors,” Chauhan told CNBC.
Several Indians are investing in the market market – with the number increasing with about 16 million in 2014 when Prime Minister Narendra Modi today is on his duty to duty to duty for duty to duty to duty.
Previously, most Indians have primarily invest in physical assets such as real estate and gold, he said.
“Generally speaking, you can call anyone a merchant. But of course, we still inform them through media, social media, printing, television, saying [that] Buying in the morning and selling in the afternoon is not called investment, “Chauhan added.
About 2% of Indian investors are invested in derivatives, Chauhan noted. In the meantime, almost half, or about 50 million people, invests in mutual funds and invest only $ 50 in systematic investment plans every month, he said.
– CNBC -ov Neelabh Chauturvedi has contributed to this report
