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'India is in a very good position; retail investors should stay invested for a long time', said SEBI Chairman
SEBI Chairman: Despite global challenges, India is in a very good position, and retail investors should keep investing in it for a long time despite market volatility. Market regulator SEBI Chairman Tuhin Kant Pandey said this on Tuesday. What else did the SEBI chairman say about retail investors, let's know about this.
Even with worldwide challenges, India stands in a highly favorable position and retail investors ought to invest in it indefinitely even in a volatile market, said Market regulator SEBI Chairman Tuhin Kant Pandey on Tuesday.
India has been resilient, Pandey told PTI in an exclusive interview, after tariff war hit markets everywhere across the globe. The country's economic prowess was pointed out by the market regulator, who said, "I would say that. India is in a very good position despite global adversities." The reasons are stable economic growth, low fiscal deficit, manageable external debt, no twin balance sheet problem and manageable current account deficit, Pandey said. The nation is also engaged in negotiating a series of bilaterals, he added.
"There is no doubt that the geo-economic fragmentation as well as the announcements made by the US in particular created adverse conditions globally," he said. On the impact of the ongoing volatility on retail investors, Pandey admitted that many investors have joined the market recently and have not seen any slowdown.
