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No need to 'panic' over Kroll's comments on Indian economy: BSE

Tuesday, July 10, 2018

Bengaluru: There was no need to 'panic' over risk management firm Kroll's observations about Indian economy as the country was a thought leader in corporate governance worldwide, BSE Managing Director and CEO Ashishkumar Chauhan has said.

"We should not be panicky just because one company (Kroll) has made some not-so-rosy observations on global investment situation in India. I don't see India being a laggard," he told PTI here.

He further said, "We are a thought leader in corporate governance and lauded by many regulators across the world."

Chauhan was in the city to attend the BSE "Stars of Star MF" event. Kroll had yesterday said global investors were slowly adopting a "wait and watch" approach on India as they were scaling down on their aggression ahead of general elections next year amid global uncertainties.

The firm had also said poor governance, lack of transparency and fraud risk were among the factors affecting the sentiment of foreign investors towards India.

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