The National Stock Exchange’s subsidiary, NSE Indices Limited, has introduced a new thematic index named the Nifty India Tourism Index, aimed at capturing the performance of travel and tourism-related stocks within the Nifty 500 Index.
This new index underscores the Indian government’s ongoing efforts to bolster tourism, which contributes significantly to the nation’s economy, accounting for approximately $199.6 billion to the GDP.
Mukesh Agarwal, CEO of NSE Indices, highlighted that the Nifty India Tourism Index is part of NSE’s broader strategy to provide innovative indices that align with market trends. He noted, “The launch of the Nifty Tourism Index will enable the creation of products that offer asset…