Markets to become less volatile after every phase of polling: S Jaishankar

The External Affairs Minister said that the world is looking for more sources of production in order to de-risk the global economy.

Minister of External Affairs S Jaishankar on May 13 spoke about the recent election-led volatility being seen in stock markets.

"To me it is clear where the elections are going, people may debate on the exact election numbers but I'm very sure as round after rounds the markets will be less and less volatile," said Jaishankar in a media conference held in National Stock Exchange in Mumbai on May 13.

Ahead of the elections, volatility in the markets has increased. The Nifty VIX index has increased 22 percent in the last five days. An increase in VIX generally indicates increased volatility

Also watch: MEA S. Jaishankar's Address at NSE Seminar on 'Indian Capital Markets: Road Map For Viksit Bharat'

On investments

Jaishankar also said that he is witnessing a greater enthusiasm for private investments in the country and after the election outcome, the investments will further strengthen. "I definitely see much more foreign investment coming in, but right now investors are waiting for June 4 outcome and then they will take a call," he said.

The External Affairs Minister said that the world is looking for more sources of production in order to de-risk the global economy. "The world doesn't want a single geography of production and is looking for more supply chains. The world is looking at more countries where something critical as semi- conductor chips can be made," said Jaishankar.

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