“You want to become billionaires, a list on NSE,” says NSE general director

Entrepreneurs or founders of the startups who want to get rich – and become billionaires – should replace the National Stock Exchange, Ashish Kumar Chauhan, general director of Bourse at CNBC's at CNBC's Will coincide live Event in Singapore on Wednesday.

He said that India is in a place where there are “many brains, many enterprises and very little capital.”

Chauhan said that so many enterprises appeared in the power of South Asia over the past year, adding that about 200 micro companies listed in NSE in 2024 alone.

“Some of them will become billionaires of tomorrow. So I say many people … Do you want to become billionaires? List on NSE, “said Chauhan Steve Sedgwick from CNBC.

Chauhan said that last year $ 19.2 billion from offers on Indian markets was accumulated, emphasizing that it was the largest number of offers in the world.

So far, offers on the Indian market are “continued” this year, although “not at the same speed” as in 2024, he said.

“If the market appears … you will see much more IPO (initial public offers)” – he added.

Own IPO NSE is those that investors have been carefully observing after a few delays from the moment of its initial notification in 2016. However, Chauhan did not provide much insight when IPO was launched.

Previous reports indicate that the largest India in India is waiting for permission from Securities regulator before he can continue.

Benchmark Nifty 50 The BSE Sensex index and index – which represents the 30 largest and most rotating companies in the country on the stock exchange in Mumbai – fell by 5.37% and 5.72%, respectively from the beginning of the year.

Chauhan said that Indian actions were hurt by the fears of the valuation, as well as the strength of the American dollar, which overshadowed the appeal of foreign foreign investors' assets, he said on the sidelines of the conference.

“The valuations have now returned to their 10-year average, which should attract both retail investors and foreign institutional investors,” said Chauhan CNBC.

Chauhan estimated that more Indians are investing in the stock exchange – and the number was from about 16 million in 2014, when Prime Minister Narendra Modi was up to about 110 million.

Earlier, most Indians invested primarily in physical assets, such as real estate and gold, he said.

“In general, you can call every salesman. But of course we still inform them through media, social media, printing, television, saying () buying in the morning and sales in the afternoon is not called an investment, “added Chauhan.

Chauhan noticed that about 2% of Indian investors are invested in derivative instruments. Meanwhile, almost half or about 50 million people invest in joint investment funds and put only USD 50 every month in systematic investment plans.