Why India Isn’t Rushing Into T+0 Settlement Despite Tech Edge, Explains NSE CEO

At the BT Best Banking & Economy Summit, Ashishkumar Chauhan, MD & CEO, NSE, highlighted India’s leadership in market settlement reforms. India was the first major market to implement T+1 settlement, with the US following nearly 18 months later and Europe expected to transition by 2028. Faster settlement reduces counterparty risk by shrinking the time between trade and settlement. However, Chauhan explained that moving to T+0 settlement involves global operational challenges. International investors operate through multiple intermediaries across time zones, making real-time settlement complex. While Indian retail investors and institutions can adapt quickly, global participation requires alignment. He emphasized that while India is technologically capable, broader ecosystem readiness will determine the timeline for T+0 implementation.