NSE Ashishkumar Chauhan Maps Market Growth by 2047

At the BT India@100 summit, Ashishkumar Chauhan, MD & CEO, NSE, says in the India’s economic vision to grow from $4 trillion to $30 trillion by 2047, and the National Stock Exchange (NSE) sees itself playing a key role in this transformation. He explained that while banks follow an intermediation model, stock markets operate on disintermediation — allowing direct investment into companies. He highlighted how India’s market capitalization has jumped 130 times over the past 30 years, from ₹3.7 lakh crore to ₹450 lakh crore. If India maintains or accelerates its economic growth, Chauhan suggests the Nifty index could rise 25 times over the next two decades, reflecting the scale of opportunity ahead for equity investors as India advances toward its 2047 economic vision.