As Argentina’s inflation reaches 142% in October, it remains under 5% in India

By November 26, 2023

On Sunday Ashish Chauhan, CEO of the National Stock Exchange of India (NSE), told an audience at Horasis India Meeting that inflation remains under 5% in the country.

Mr. Chauchan, who is head of the Indian stock exchange, said on India’s economic outlook that despite India’s “GDP per capita income being $2,600” India is the “fourth largest market capitalized country” behind US, China and Japan. 

Mr. Chauhan went on the add about India’s fiscal robustness and resilience to the effects of COVID, that in spite of sharp spikes in oil prices, inflation remained “under 5%, which to be in single digits for inflation for a country like India was impressive”.

The National Stock Exchange of India (NSE) is one of the leading stock exchanges in India, based in Mumbai. NSE is under the ownership of various financial institutions such as banks and insurance companies.

According to What Worries the World survey, inflation has now been the top global concern over the 12 months.

Mr. Chauhan attended the Horasis India Meeting, which is co-hosted by the Government of South Australia and the Confederation of Indian Industry (CII). The meeting is attended by several hundred international investors and CEOs.

According to Reuters, Argentina’s inflation rate hit 138% annually in September and is still rising, with prices climbing above 12% the two most recent months.

J.P. Morgan has estimated inflation will end 2023 at 210%, while a central bank poll of analysts forecast 180%.