Speaking to IANS, Chouhan, who has been closely associated with the Indian stock exchanges - having served in both the BSE and NSE - stressed that when poverty goes down in a country, the confidence level of the people goes up. Increases and starts participating in economic activities and overall development increases.
“A lot of good work has been done in the last 10 years and I think building social security while reducing the overall fiscal deficit is the most important development under Prime Minister Narendra Modi's rule,” said Sai Chauhan who has been founder- NSE. This is his second term as a member of and with the exchange.
Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Yojana (PMJJBY), Atal Pension Yojana (APY), Ayushma Bharat and other social welfare schemes with crores of beneficiaries have instilled new confidence among citizens even in small towns. And cities must invest beyond traditional tools to grow economically.
In 2013-2014, the Nifty index was around 7,500. Today Nifty is above 22,00 which is a huge gain.
Under the guidance of Chauhan, the exchange witnessed many firsts and scaled new heights by adopting cutting-edge technologies for seamless, hassle-free operations for investors.For Q3FY24, NSE reported 8 per cent growth in consolidated net profit at Rs 1,975 crore. During the first nine months of FY24, NSE contributed Rs 28,13 crore to the exchequer.
According to him, many new companies have been listed in the last 10 years, overall the growth of the corporate sector has increased, especially in the banking sector.
Chouhan said, "In the last decade there has been massive investment in all sectors, especially in building infrastructure like roads, ports, metros, power generation and others. On the other hand, there has been a steady rise in incomes and a significant decline in the unemployment rate." has decreased.,
A mechanical engineer from IIT Bombay and an alumnus of IIM Calcutta, Chauhan is considered one of the leading experts in financial market policies.
“A lot of good work has been done in the last 10 years and I think building social security while reducing the overall fiscal deficit is the most important development under Prime Minister Narendra Modi's rule,” said Sai Chauhan who has been founder- NSE. This is his second term as a member of and with the exchange.
Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Yojana (PMJJBY), Atal Pension Yojana (APY), Ayushma Bharat and other social welfare schemes with crores of beneficiaries have instilled new confidence among citizens even in small towns. And cities must invest beyond traditional tools to grow economically.
In 2013-2014, the Nifty index was around 7,500. Today Nifty is above 22,00 which is a huge gain.
Under the guidance of Chauhan, the exchange witnessed many firsts and scaled new heights by adopting cutting-edge technologies for seamless, hassle-free operations for investors.For Q3FY24, NSE reported 8 per cent growth in consolidated net profit at Rs 1,975 crore. During the first nine months of FY24, NSE contributed Rs 28,13 crore to the exchequer.
According to him, many new companies have been listed in the last 10 years, overall the growth of the corporate sector has increased, especially in the banking sector.
Chouhan said, "In the last decade there has been massive investment in all sectors, especially in building infrastructure like roads, ports, metros, power generation and others. On the other hand, there has been a steady rise in incomes and a significant decline in the unemployment rate." has decreased.,
A mechanical engineer from IIT Bombay and an alumnus of IIM Calcutta, Chauhan is considered one of the leading experts in financial market policies.
