Ashishkumar Chauhan MD & CEO, NSE Limited

Speaking to the press after meeting Jammu and Kashmir’s Lieutenant Governor, Manoj Sinha, on Saturday evening, Chauhan shared an optimistic outlook on India’s economic position in the wake of the US’s controversial decision on import duties. The American tariff move, which affects countries globally—including India—has sent ripples through international markets. However, Chauhan noted that India has fared far better than most other nations in terms of stock market performance over the past few days.

“You must have seen the market for the last 2-3 days. Despite America’s decision on tariffs, India’s market is holding up strongly. While the US’s new import duties are a significant factor, India’s performance is considerably better than many other countries,” Chauhan stated.

He acknowledged that while the global economy is grappling with uncertainty due to the tariffs, India is demonstrating a sense of stability. However, he added that the next week or two would provide a clearer picture as ongoing international negotiations progress and global duty structures stabilize.

“There’s still a level of confusion in the world. The imposition of these reciprocal tariffs has left a lot of ambiguity in its wake. But, I am optimistic that within the next week or so, the situation will evolve as the world enters negotiations and starts to realign its duty structure,” Chauhan remarked.

He highlighted the importance of these upcoming negotiations in providing clarity on the future of global trade. While the short-term impacts are undeniable, Chauhan is hopeful that the dust will settle soon, allowing markets to adjust accordingly.

The past few days have shown that India’s economic and stock market performance has been relatively insulated from the global turmoil. India’s strong fundamentals, resilient domestic demand, and strategic positioning in global supply chains have enabled it to maintain an edge, even amid external challenges.

As the world watches the unfolding situation, Ashish Kumar Chauhan’s assessment underscores India’s ability to weather economic storms better than many, setting the stage for continued growth and stability.

A Silver Lining for Indian Investors

For investors looking for stability amidst global volatility, Chauhan’s comments offer hope. With the upcoming negotiations expected to provide more clarity on the tariff issue, the Indian market might not only stabilize further but also position itself as a global leader in economic resilience.

The coming weeks will be critical, but the early signs suggest that India is navigating the global economic turbulence better than expected.