The BSE benchmark Sensex has surged round 25% in FY24.
| Picture Credit score: Reuters
“Capital markets have gotten extra distinguished in India’s progress story, with an increasing share in capital formation and funding panorama on the again of expertise, innovation and digitisation,” in line with the Financial Survey 2023-24 tabled in Parliament on July 22. Additional, Indian markets are resilient to international geopolitical and financial shocks.
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“Regardless of heightened geopolitical dangers, rising rates of interest and unstable commodity costs, Indian capital markets have been among the finest performing amongst rising markets in FY24,” the Financial Survey stated.
Economic Survey 2023-24 updates
The BSE benchmark Sensex has surged round 25% in FY24. Furthermore, the uptrend continued in FY25, with the 30-share index on July 3 touching the 80,000 mark in intra-day buying and selling for the primary time.
“The exemplary efficiency of the Indian inventory market in comparison with the world and rising markets through the years might be primarily attributed to India’s resilience to international geo-political and financial shocks, its strong and steady home macroeconomic outlook, and the power of the home investor base,” stated the doc tabled by Finance Minister Nirmala Sitharaman within the Parliament.
