Terrorist Gurpatwant Singh Pannun has recently issued yet another anti-India threat. This time, the leader of Sikhs for Justice group has said that he will target economic stability of India. According to a News18 report, Pannun has said that he will target the Bombay Stock Exchange and the National Stock Exchange on March 12, the 31st anniversary of the 1993 Bombay serial blasts. But unlike those serial explosions, Pannun has called for ‘dumping’ of the Indian stocks. He wants the investors to shun the Indian stocks and buy American stocks before the D-day. According to Pannu, this would destroy the Indian economy.
What experts say?
The Indian share market is in good shape right now. On December 28, 2023, the stock markets hit the all-time high levels with the Bombay Stock Exchange hitting the 72,410-mark. While the stock prices are bit stretched and a minor correction is natural, experts say that Pannun’s ‘dumping Indian stocks’ should not impact the sentiments at the D-Street. Last month, after the MPC, the RBI had upped its prediction for India’s GDP growth. The anticipated growth rate for India’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), the GDP growth rates are expected to be 6.7%, 6.5%, and 6.4% sequentially.
Last year, the National Investigation Agency (NIA) had charged Pannun under the Unlawful Activities (Prevention) Act of 1967. The charges were related to alleged threats directed at passengers traveling on Air India flights and the airline itself, including a global blockade and operational shutdown starting from November 19.