Bhubaneswar: Volatility in the financial markets has increased due to the ongoing conflict in West Asia, but Indian stock markets possess the resilience to absorb such global shocks and return to normal growth trajectory, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on Monday.
Speaking to reporters on the sidelines of the Regional Investors Seminar for Awareness in Bhubaneswar, Pandey said crises in one part of the world invariably affect economies across the globe because of increasing interconnectedness of markets.
“Due to the prevailing conflict in West Asia, the oil supply chain and its prices got affected in the rest of the world. All the economies have been affected by this and obviously, there are inflationary risks. Besides, the spillover effect and second-order effect will also come in,” he said.
The SEBI chief, however, stressed that the Indian financial market has demonstrated strong resilience in handling external disruptions.