By Suchitra : In a recent statement, Mr. Sundararaman Ramamurthy, MD & CEO of the Bombay Stock Exchange (BSE), highlighted India’s resilience in the face of global challenges. He emphasized that India has successfully navigated previous global crises, including the impact of COVID-19 and disruptions in the supply chain, emerging as the world’s fourth-largest economy.
Addressing concerns over the recent tariff hikes by the United States, Mr. Ramamurthy reassured that India is well-prepared to withstand any potential fallout. The country’s diverse trade portfolio, coupled with essential exemptions in critical sectors such as pharmaceuticals, smartphones, electronics, and renewable energy, are expected to cushion the impact of the tariff increases.
He pointed out that India’s strong domestic demand, initiatives like ‘Make in India,’ and ongoing trade agreements are bolstering investor confidence. Moreover, the increasing participation from both households and institutions is making India’s capital markets an attractive investment destination.
Mr. Ramamurthy expressed confidence that India’s robust economic fundamentals and strategic policy measures will ensure a steady influx of Foreign Portfolio Investments (FPI) and Foreign Direct Investments (FDI). This, in turn, will help mitigate any potential long-term repercussions from the recent tariff changes.
Looking ahead, he emphasized that these strengths collectively contribute to India’s progress towards realizing the vision of Viksit Bharat by 2047, solidifying its position as a prominent global economic powerhouse.
As India continues on its path of economic growth and resilience, the world watches with anticipation to see how the country’s strategic initiatives and steadfast policies shape its future trajectory. The unwavering commitment to progress and stability sets India on a course to assert its leadership in the global economic landscape.
