Konten [Tampil]
The recent plunge of the Adani Group's shares by a staggering >$100 billion in days, on allegations of fraud and stock manipulation was a major concern for India's financial markets.

President Jokowi —referring to this Adani case — during his speech at the Financial Services Industry Annual Meeting 2023 in Jakarta last week, even requested the financial services authority (OJK) to increase vigilance and improve supervision of various financial services products, in order to ensure and enhance public protection.

However, the Indian economy by far proved its resilience by staying stable, and the markets did not face a widespread collapse as many had feared.

Despite the collapse of Adani, other companies' shares remain robust, showing the strength and size of India's broader business landscape. This highlights the stability of India's economy.

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