A STUDY ON THE RELATION BETWEEN THE INDIAN STOCK MARKET AND INDIAN ECONOMY

B ASHOK; Abin P Sajan; Andrew Chacko

A STUDY ON THE RELATION BETWEEN THE INDIAN STOCK MARKET AND INDIAN ECONOMY

Authors: B ASHOK, Abin P Sajan , Andrew Chacko

Unique Paper ID: 158453
Volume: 9
Issue: 9
PageNo: 545-550

Keywords: No Keywords Found

Abstract:
The relationship between stock market growth and economic activity has long beenÂ an topical discussion amongst economist, market players and policy makers. A natural question that arises is wether macroÂ Economics influences stock behaviour or if stock market has its own dynamics, Its logical to believe that healthy macro economic indicators will improve both demand and industry output and as well its profits and growth which in turn would drive up the stock prices and vice verse.Â In the context of India, this study makes an effort to determine theÂ correlation between stock market development and economic growth. The analysis reveals a clearly defined long-runÂ relationship between the stock marketÂ indicators and economic growth in India using cointegration and causality tests for the period of April 2010 to March 2020. The empirical findings demonstrate a two-way causal relationship between market indices and economic growth with respect toÂ Macro-Economic indicators.

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Cite This Article

ISSN: 2349-6002
Volume: 9
Issue: 9
PageNo: 545-550

A STUDY ON THE RELATION BETWEEN THE INDIAN STOCK MARKET AND INDIAN ECONOMY

Available:https://ijirt.org/Article?manuscript=158453

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Journal no 47859

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