The stock market's record level despite declining economic growth

New delhi date. 31 January 2020, Friday

Despite India's economic growth rate declining for six consecutive quarters, the BSE Sensex rose seven percent from March to December 1, as the country's stock markets are optimistic about the country's growth, according to an economic survey of 7-8.

This shows that the belief that India is becoming a lucrative investment hub is in view as the world's major economies are shrinking and America's monetary policy is softening.

Despite declining economic growth rate for six consecutive quarters, the country's stock markets are positive about economic growth prospects, the survey noted.

Net FDI and net FPI in the first eight months of the current fiscal year were $ 8.3 billion and $ 8 billion, respectively, higher than the inflows seen during this fiscal year 1-8.

During the current financial year, both the Nifty and Sensex have shown record levels. On January 3, the Sensex showed an all-time high-closing surface with 1, which is 1.7 percent higher than the level seen on April 1.

Meanwhile, the period for which Sensex companies were expected to remain in the index for five years before liberalization has now dropped to less than six years after liberalization. About one-third of companies are out of the index every five years, the survey said.

After years of liberalization of the., The rapid rise of new companies, new ideas, new technologies and new operating processes have led to a major shift in the Sensex.