Will destroy India’s economy: Gurpatwant Singh Pannun threatens to target BSE, NSE from March 12

Terrorist Gurpatwant Singh Pannun has issued a new anti-India threat, this time targeting the economic stability of India. The leader of the Sikhs for Justice group has announced plans to target the Bombay Stock Exchange and the National Stock Exchange on March 12, the 31st anniversary of the 1993 Bombay serial blasts. However, unlike those bombings, Pannun is calling for the 'dumping' of Indian stocks. He encourages investors to avoid Indian stocks and instead invest in American stocks before the specified date, aiming to undermine the Indian economy.

Despite the Indian stock market being currently robust, hitting an all-time high level on December 28, 2023, with the Bombay Stock Exchange reaching 72,410, experts believe that Pannun's call to 'dump Indian stocks' should not significantly impact market sentiments on D-Street. While some minor corrections are natural, the overall sentiment remains positive.

Last month, following the Monetary Policy Committee (MPC) meeting, the Reserve Bank of India (RBI) revised its GDP growth forecast for India. The anticipated growth rate for the country's economy is 7% in fiscal year 2024 (FY24), with projections of 6.5% and 6% for the third and fourth quarters, respectively. For the first three quarters of fiscal year 2025 (FY25), GDP growth rates are expected to be 6.7%, 6.5%, and 6.4% sequentially.

Pannun has recently issued threats against Prime Minister Narendra Modi, urging Muslims to disrupt the PM's Ayodhya roadshow on December 30 and announcing a reward of $100,000 for those taking action. Last year, the National Investigation Agency (NIA) charged Pannun under the Unlawful Activities (Prevention) Act of 1967, related to alleged threats against Air India flights and the airline, including a global blockade and operational shutdown from November 19.

भारत की अर्थव्यवस्था को नष्ट करेंगे": गुरपत्वंत सिंह पन्नून, 12 मार्च से BSE, NSE को लक्षित करते हैं।