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What is Indian Stock Market and Economic Growth about?
This paper examines the relationship between stock market development and economic growth in India for the period of 1981 to 2001, which spans the market liberalization event. The authors find that: 1) There is support for the stock market being relevant to economic development in the pre-liberalization period. 2) There is a negative correlation between stock market development and economic growth in the post-liberalization period, providing support for the view that the Indian stock market has become a
- Author
- sntgo13
- Language
- EN