My Drum piece for this week is here.
Below are the graphs used in a form that you can click to get the bigger size:
Interesting charts. But shouldn't the one of GDP vs the market be of *nominal* GDP? The share market is a *nominal* (i.e., not inflation adjusted) value (which is why in the longggggg run shares protect against inflation)And yeah, cutting deficits is a slowing economy is downright stupid. They've just tried this particular folly in Europe and Europe is now in deep recession.
What should be seen in budget to know that we can know the next year's expected movement of stock market of India??
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