“You want to become billionaires, list NSE,” says NSE CEO

Entrepreneurs or startup founders who want to get rich – and become billionaires – should list on India’s National Exchange, CEO Bourse Ashish Kumar Chauhan said at CNBC’s CNBC Get off live Event in Singapore on Wednesday.

India is in the place where there is “a lot of brains, many businesses and very little capital,” he said.

Shohan said many enterprises appeared on the South -Asian power plant in the last year, adding that about 200 microcompanies listed in NSE only in 2024.

“Some of them are going to become tomorrow’s billionaires. So, I say a lot of people … Do you want to become billionaires? List in NSE,” said Shahan Steve Sedwick.

Last year, Chauhan noted that a total of $ 19.2 billion was raised from the lists in the Indian markets, emphasizing that this is the largest number of lists in the world.

So far, the lists on the Indian market are still ongoing, though “not at the same speed” as in 2024, he said.

“If the market appears … You will see more IPO (initial public offers) go forward,” he added.

Own IPO NSE is the one that investors closely monitor several delays since its initial submission in 2016. Chauhan, however, did not give much understanding when IPO was launched.

Previous reports indicate that the largest in India is a stock exchange awaits from the The securities regulator before it may continue.

Landmark Nifty 50 The BSE Sensex Index and Index – representing the 30 largest and most popular firms on the Bambea Stock Exchange – decreased by 5.37% and 5.72% respectively since the beginning of the year.

Chauhan said the Indian actions were affected by the estimates, as well as the US dollar, which reduced the foreign assets’ appeal to foreign investors, Chauhan said.

“The estimates have now returned to almost 10-year average, and this should attract both retail investors and foreign institutional investors,” said Chauhan CNBC.

More Indians invest in the stock market – the number in 2014 increased from approximately 16 million, when today Prime Minister Narendra Modi has come to the post of about 110 million, Chauhan estimated.

Before that, most Indians were mostly putting in physical assets as real estate and gold, he said.

“Overall, you can call anyone a trader. But of course, we also continue to report them through the media, social media, print, television, saying (that) in the morning and sell in the afternoon, is not called investments,” Chauhan added.

About 2% of Indian investors are invested in derivatives, Chauhan said. Meanwhile, almost half, or about 50 million people are put in funds and put only $ 50 into systematic investment plans every month, he said.

– Neelabh Chauturvedi CNBC introduced this report