Speaking to IANS, Chouhan said that given the way he has seen India managing itself well amid global adversities in the last one or two years, there should not be any significant economic impact this time too.

He said, "India is connected to the world, so whatever situation arises in the world, we are also affected to some extent. However, I feel there should not be any significant impact this time."

He said, "Only if the situation between Iran and Israel deteriorates, any major impact can be seen."

Whenever tension arises between Middle Eastern countries, it impacts OI prices. India is dependent on oil imports, getting about 85 percent of its crude oil mainly from the Middle East.

The NSE CEO said India's overall services exports and remittances are in very good shape, due to which "we have been able to overcome whatever trade deficit we have".

India's foreign exchange reserves also increased for the seventh consecutive week and reached an all-time high of $648.562 billion in the week ended April 5, according to the Reserve Bank of India (RBI).

"This shows the resilience of our economy," Chouhan told IANS.

According to him, India had managed its economy well even during the Russia-Ukraine war.

On Monday, both the Sensex and Nifty 50 fell more than 1 per cent to a two-week low.