New Delhi, December 13 (IANS). Despite the environment of economic uncertainty all over the world, India has emerged as a strong and reliable economy. Chief Economic Advisor V. Ananth Nageswaran, speaking at a BSE event on Saturday, said that India is moving forward on the basis of strong growth rate of about 6.5 percent, better financial condition, strong domestic demand and continuous structural reforms.
Speaking at an event at the Bombay Stock Exchange (BSE), Nageswaran said India’s economy is well positioned for long-term sustainable growth despite global challenges. The increasing use of technology, rapid development of infrastructure and India’s young population are playing an important role in maintaining the country’s economic momentum.
On this occasion, Sundararaman Ramamurthy, MD and CEO of BSE India, also underlined India’s economic strength and the strength of the capital market. He said that the positive and visionary decisions of the government have strengthened the economic foundation of the country and increased the confidence of investors. Capital markets have long remained a strong means of wealth creation, with regulatory bodies playing a key role in ensuring transparency and stability.
Ramamurthy further said that as India moves towards ‘Developed India’, deep reforms, increased participation of domestic investors and technology will drive the country’s inclusive and sustainable growth journey. He also said that BSE is fully committed to promoting sustainable and innovation based capital formation.
At the same time, Ramdev Aggarwal, Chairman and Co-Founder of Motilal Oswal Financial Services also expressed confidence about the capital market. He said that India has now reached the multi-trillion dollar growth phase, where both the economy and the stock market are going to grow in an unprecedented manner. With rising domestic savings, increasing investor participation and strong market institutions, India is becoming one of the most robust and opportunity-rich capital markets in the world.
Ramdev Aggarwal advised investors that the coming decade will belong to those who will invest with discipline and become a part of the country’s growth story.
–IANS
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