Economic growth and Increase of Sensex:
When the economic growth of a country is stable, and consistently performing well, all the institutions of government are on their jobs, and investors and other various stakeholders have a very convincing trust in the share market of such a country. Subsequently, it grows. However, the growth in the share market could be an indicator of economic growth.
Factors affecting the share markets held in increase of Sensex
Many factors can affect the performance of a country’s stock market. These factors are as follows:
All time High- Increase of Sensex : Is manifestation of Indian economy?
When the world is struggling with recession, high inflation, slow growth rate, and unemployment, the Indian market reaches the highest-ever mark. On the last closing day, Sensex reached the highest level. So far, the stories of Indian economic growth and development for FY 2022-23 appear to be very dynamic and ultimately end up with some positive sentiment, despite many issues across the globe.
There have been many challenges such as political turmoil in Europe and Asia in the form of the Russia-Ukraine war and military coup in Myanmar & many economic sanctions for Iran.
Robustness is manifested in this high-growth of the market. According to the RBI India’s GDP growth for financial year 2023 -24 is expected to be around 6.5 % with Q1 at 8%, Q2 at 6.5%, Q3 at 6.0% and Q4 at 5.7%.
Modi government Government of India is trying its level best to take the country’s positive economic development and direction through various economic reforms, policy changes, capital in investment in various sectors of the economy especially in the infrastructure field is it railway, road, and transportation or shipping etc.
What is Sensex prediction for 2025? @Moneycontrol
Sources for above information @ Moneycontrol and Investing.com