New Delhi, 30 May (IANS). NSE Managing Director and CEO Ashish Kumar Chauhan said that India has emerged as information technology (IT) capital of the world. Also, the National Stock Exchange (NSE) has been a pioneer in using the huge digital public infrastructure, helping millions of people to trade through its high -tech digital platforms.
Chauhan insisted that NSE had pioneered technology during IT Boom in 1994. Later, during the year 2000, NSE demonstrated India’s technical capabilities, attracted large contracts and became the center of showing its expertise for small companies.
During the podcast conversation with the MD Kailash officer of Mr. Adhikari Brothers, he said, “Today, technology is our fuel and India is the world’s IT capital. Technology managed to bring a big change in the world.”
NSE launched the country’s first full automatic, screen-based order matching system in 1994. This innovation showed India’s emerging strength in the IT sector. Today, NSE has become the world’s largest stock exchange. In 1994, there were less than 1 million investors in India. Today, this number has increased to more than 11 crores.
Chauhan further said that technology has been a major driver of India’s development story.
He said during podcast, “India is a pioneer in the world when it comes to technology. Technology has played a big role in India’s development story.”
He said that the country has become a global IT hub. More than 2,000–3,000 international IT companies have established their base in India, taking advantage of the country’s extraordinary talent pool.
Chauhan said, “Now that the iPhones are being built in India, servers and electronic chips will also be made here soon. Whether it is Microsoft or Google, they do their AI work with our talent.”
He further said that “NSE works as a catalist for the Indian economy.”
India’s market capitalization has increased by more than 120 times when NSE started operations in 1994. Today it is more than 440 lakh crore rupees or 5.1 trillion dollars.
In the last 11 years, the market capitalization of NSE-listed companies has increased nearly six times and the market capitalization-GDP ratio has doubled from 60 percent to 124 percent in FY 2014 to 124 percent in FY 2025.
-IANS
SKT/ABM
