Amid global uncertainty following the US imposition of reciprocal tariffs, National Stock Exchange (NSE) Managing Director and CEO Ashish Kumar Chauhan on Sunday said India’s financial markets appear to be faring better than those of other countries.
Speaking to PTI after offering prayers at the Mata Vaishno Devi shrine on the occasion of Ram Navami, Chauhan said, “You must have seen the market for the last 2-3 days. America has made a decision on tax, which is applicable to every country in the world. They have also imposed new import duties for India, which is doing better than other countries.”
According to Chauhan, a situation of confusion persists globally, but he expects clarity within the next one to two weeks as negotiations unfold and the new duty structures stabilize. “It seems that India’s position is a bit heavy compared to other countries,” he told PTI.
Chauhan, who met Jammu and Kashmir Lt Governor Manoj Sinha after arriving in Jammu on Saturday, added that while some companies may bear the brunt of the US move, the overall scenario will likely settle soon.
“A situation of confusion persists as of now. Many feel that some companies may face more losses. But overall, there will be negotiations and the duty structure will be stabilized. The situation should be clear in the next one or two weeks,” he said, according to PTI.
Key stock market indices Sensex and Nifty saw a sharp decline of over 2.5 per cent last week, largely due to weak global cues and fresh concerns over a potential trade war triggered by the new US tariff measures.
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