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Despite a cyclical decline of the index, it still remains in the expansionary territory, said He Hui, director of the China Logistics Information Center.
Deshpande, 65, said Mallakhamb helps people mentally as well.
Despite the intensifying delisting threats from the US administration, Wall Street investors' "sheer" demand for shares of Chinese companies with good fundamentals remains, industry experts said.
Despite all the restrictions it faces from the US government, it posted 401.3 billion yuan in revenue in the first half of 2019, marking a 23.2 percent year-on-year jump.
Despite its sheer scale, Alibaba still derives most of its revenue from China. Still, it has been the most aggressive player in Southeast Asia.