We find no evidence of over-optimism in the domestic stock market. YTD, India is underperforming developed markets like the US by 50% (S&P500 18% vs. Nifty50 is 9%), despite the fact that the domestic economy is stable while the US is still at risk of recession.
Economic Survey 2024-25: PM Modi highlights India’s growth story in numbers
Prime Minister Narendra Modi shared significant insights from the Economic Survey, highlighting major growth in non-fossil fuel power generation, global services share, private spending, and
January 31, 2025