{"id":146075,"date":"2023-02-11T08:00:00","date_gmt":"2023-02-11T00:00:00","guid":{"rendered":"https:\/\/www.mediaintel.asia\/?p=913571"},"modified":"2023-02-11T08:00:00","modified_gmt":"2023-02-11T00:00:00","slug":"why-adanis-100-billion-loss-hasnt-tanked-indias-markets","status":"publish","type":"post","link":"https:\/\/www.chinalegalblog.com\/en\/2023\/02\/11\/why-adanis-100-billion-loss-hasnt-tanked-indias-markets\/","title":{"rendered":"Why Adani\u2019s $100 Billion Loss Hasn\u2019t Tanked India\u2019s Markets"},"content":{"rendered":"<div align=\"center\"><a href=\"https:\/\/www.mediaintel.asia\/\" title=\"MediaIntel.Asia provides Media Intelligence and Media Monitoring in Asia\" ><img src=\"https:\/\/www.mediaintel.asia\/wp-content\/uploads\/mediaintelasia-logo-blackyellow-400x300-1.png\" border=\"0\" width=\"200\" height=\"150\" alt=\"MediaIntel.Asia\"><\/a><\/div>\n<p>When shares of the Adani Group, until recently India\u2019s largest conglomerate, began their free fall late last month, shedding more than $100 billion in days, some observers worried that the collapse could bring down the country\u2019s capital markets, and with them the Indian economy.<br \/>\nThat would be a frightening prospect not just for India but for the world. The country\u2019s economy recently passed Britain\u2019s to become the world\u2019s fifth largest, and it is the only big one \u2014 China\u2019s included \u2014 that has clocked strong and steady growth since pandemic restrictions were relaxed.<br \/>\nBut the fears of a broader market contagion have not come to pass. Indian equities as a whole enjoyed a calm week in Mumbai, the country\u2019s financial center, and have held largely steady since the Adani collapse. India\u2019s main market index is nearly 2.5 percent above where it stood a year ago, even as U.S. stocks have fallen by more than 4 percent during the same period.<br \/>\nThe steadfastness attests to the size and seeming strength of the broader Indian business landscape. Adani fell spectacularly after it was accused of fraud and stock manipulation by a small New York trading firm, but the debacle is barely a splash from the big Indian bucket. India is now home to about 1.5 million companies and a well-capitalized stock market: Its National Stock Exchange fluctuated comfortably between $3 trillion and $3.5 trillion last year.<\/p>\n<p>This data comes from <a href=\"https:\/\/www.mediaintel.asia\/\" title=\"MediaIntel.Asia provides Media Intelligence and Media Monitoring in Asia\" >MediaIntel.Asia's Media Intelligence and Media Monitoring Platform<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When shares of the Adani Group, until recently India\u2019s largest conglomerate, began their free fall late last month, shedding more than $100 billion in days, some observers worried that the collapse could bring down the country\u2019s capital markets, and w&#8230;<\/p>\n","protected":false},"author":253,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[586,671,137,931,785,194,1284],"tags":[3450,10315,10328,10312,3479],"class_list":["post-146075","post","type-post","status-publish","format-standard","hentry","category-economy","category-finance","category-fraud","category-india","category-new-york","category-news-chinese-law","category-stock-market","tag-indian","tag-media-intelligence","tag-pandemic","tag-stock-exchange","tag-stocks"],"_links":{"self":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/146075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/users\/253"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/comments?post=146075"}],"version-history":[{"count":1,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/146075\/revisions"}],"predecessor-version":[{"id":146076,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/146075\/revisions\/146076"}],"wp:attachment":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/media?parent=146075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/categories?post=146075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/tags?post=146075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}