A STUDY ON THE RELATION BETWEEN THE INDIAN STOCK MARKET AND INDIAN ECONOMY
Author(s):
B ASHOK, Abin P Sajan , Andrew Chacko
Keywords:
Abstract
The relationship between stock market growth and economic activity has long been  an topical discussion amongst economist, market players and policy makers. A natural question that arises is wether macro  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.  In the context of India, this study makes an effort to determine the  correlation between stock market development and economic growth. The analysis reveals a clearly defined long-run  relationship between the stock market  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 to  Macro-Economic indicators.
Article Details
Unique Paper ID: 158453

Publication Volume & Issue: Volume 9, Issue 9

Page(s): 545 - 550
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