NEW YORK - NASDAQ's Executive Vice Chairman Edward Knight, in recent discussions, has cast a spotlight on India as an increasingly attractive destination for global investors. Speaking with PTI on Tuesday, Knight emphasized the potential of over 200 large Indian startups poised for initial public offerings (IPOs), drawing attention to the country's robust legal system and network of prestigious universities that foster technological innovation.
Knight pointed out the ongoing talks between NASDAQ and Indian authorities, specifically mentioning Union Finance Minister Nirmala Sitharaman's consideration of rules that would permit Indian companies to list on US stock exchanges. This move could parallel the successful listing of more than a hundred Israeli firms on NASDAQ and is expected to catalyze economic growth by repatriating capital through IPOs.
With investor sentiment around China becoming increasingly complex, Knight noted a discernible pivot towards India. He underscored the role of early-stage, high-growth companies in job creation and economic development, highlighting NASDAQ-listed companies' growing interest in securing supply chains and ramping up investments in India.
The vice chairman also shed light on the broader implications of such economic cooperation, suggesting that it could create opportunities not only for India but also enhance US-India relations by offering prospects for citizens of both countries. This focus on India by NASDAQ and its listed companies indicates a strategic shift that could reshape investment flows and solidify India's position as a key player in the global market.
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