India better positioned than global peers amid US tariffs: NSE Chief

The remarks come at a time when key domestic indices, Sensex and Nifty, suffered a steep decline of over 2.5% last week, rattled by weak global cues and concerns about a looming trade conflict triggered by the US tariff hike

As global markets reel under the pressure of fresh reciprocal tariffs imposed by the United States, National Stock Exchange (NSE) Managing Director and CEO Ashish Kumar Chauhan has expressed cautious optimism about India's financial stability during the evolving trade landscape.

Speaking to the media after offering prayers at the Vaishno Devi shrine on the occasion of Ram Navami, Chauhan remarked that while global markets remain jittery, India’s financial sector appears to be comparatively better positioned. “The US has imposed new duties that apply globally, including to India. Despite that, our markets have shown greater strength than several others,” he said.

Chauhan added that although the current environment is marked by uncertainty, he expects more clarity to emerge in the coming weeks as governments engage in negotiations. “Yes, there is confusion. Some companies may face losses. But a stabilized duty structure should soon follow, providing clearer direction,” he noted.

He also held a meeting with Jammu and Kashmir Lieutenant Governor Manoj Sinha during his visit to the region.

The remarks come at a time when key domestic indices, Sensex and Nifty, suffered a steep decline of over 2.5% last week, rattled by weak global cues and concerns about a looming trade conflict triggered by the US tariff hike.

Despite the initial volatility, Chauhan expressed confidence that India’s underlying market fundamentals remain strong and that the nation is well-prepared to navigate economic headwinds stemming from international developments.