Economic Analysis: Capital market plays an important role in India's growth, Indian market among emerging markets

Economic Survey: Finance Minister Nirmala Sitharaman tabled the Economic Survey for the financial year 2023-24 in the Lok Sabha on Monday, July 22, 2024. In this economic study, Nirmala Sitharaman has mentioned important points related to the Indian economic system. In this, Nirmala Sitharaman gave importance to capital markets and said that stock markets play an important role in the economic progress of the country. Capital markets play an important role in the country's growth story. In this review, it was stated that the capital market plays an important role in the development of the country by increasing its role in capital formation and investment climate based on innovation and digitization. Besides, the Indian market is more resilient to global geopolitical and economic shocks, the review said. Also Read: Economic Survey: Economic Survey 2024 Says Economic Survey 2024 India's Share in Global Supply Chain Increases India's Share in Global Supply Chain Increases Financially Second Best Among Emerging Markets Last year, BSC's thirty shares in the Sensex index rose about 25 percent. Even in the current year, the capital markets are doing well. A few days ago the Sensex touched 80,000 points. Nirmala Sitharaman attributed the good performance of this emerging market to India's ability to withstand global geopolitical and economic shocks. Finance Minister Nirmala Sitharaman's economic survey for the year 2023-24 presented in the Lok Sabha on the Indian economy has estimated the growth rate to be 6.5-7 percent in the current financial year. In the current financial year 2024-25, the economic growth rate is estimated at 6.5-7.0 percent. The Economic Review also said that despite uncertain economic activity at the global level, growth factors at the domestic level are supporting economic growth. What is Economic Analysis? It is published by the Ministry of Finance. It contains an account of one year's development work. Economic analysis shows which goods the country has benefited from. In which sectors has the government suffered a loss? This is evident in the economic analysis. Apart from this, it also provides information about the future outlook of the government. Also Read: Budget 2024: USIPC makes pre-Budget recommendations, calls for PLI scheme for media and entertainment sector The post Economic Review: Capital market plays key role in India's growth appeared first on Emerging Markets India.