Thursday, July 31, 2025 ਪੰਜਾਬੀ हिंदी

Business

India emerges as world's IT capital, NSE acts as catalyst for economy: Ashish Kumar Chauhan

New Delhi, May 30 || India has emerged as the information technology (IT) capital of the world and the National Stock Exchange (NSE) has been a pioneer in utilising the vast digital public infrastructure to help millions trade via its high-tech digital platform, NSE Managing Director and CEO, Ashish Kumar Chauhan, has said.

Chauhan emphasised that the NSE pioneered technology in 1994, during the time of the IT boom. Later, during the Y2K era (the year 2000), the NSE showcased India’s technological capabilities, attracting big contracts and becoming a hub for small companies to demonstrate their expertise.

"Today, technology is our fuel, and India is the IT capital of the world. Technology has brought the biggest shift and change in the world," he said during a podcast conversation with Kailash Adhikari, MD of Sri Adhikari Brothers.

The NSE introduced the country’s first fully automated, screen-based order matching system in 1994. This innovation underscored India’s emerging prowess in the IT sector. Today, the NSE has become the world’s largest stock exchange.

In 1994, India had fewer than 10 lakh investors. Today, that number has grown to more than 11 crore.

 

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