Market capitalisation rise augmenting GDP growth, shows SBI Research
Mon, Dec 23, 2024 2:38 PM

Market capitalisation rise augmenting GDP growth, shows SBI Research

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The booming equity market rally since the pandemic is augmenting the real economy as well, with a one percent rise in market capitalisation leading to 0.06% rise in the GDP growth rate. An SBI Research note authored by Group Chief Economic Adviser Soumya Kanti Ghosh on December 23 underscored that a higher market capitalisation signals a robust economy as well as investor confidence.

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