Home / Economy / News / Contrasting tales: Economy is down, but markets have defied fears

Contrasting tales: Economy is down, but markets have defied fears

In the past six months, Nifty has gained 52 per cent in rupee terms and 58 per cent in dollar value - making India one of the best-performing markets globally

loss, economy, shares, stocks, market, investment, savings, gdp, growth, revenue

Premium

The government is hopeful of a V-shape recovery in the coming quarters, but the Reserve Bank of India (RBI) is not. Lead indicators lend credence to RBI's theory of gradual recovery

Indivjal Dhasmana Samie Modak Shreya Jai New Delhi/Mumbai

1 min read Last Updated : Sep 23 2020 | 12:01 AM IST

The GDP contracted an unprecedented 23.9 per cent in the April-June period of 2020-21 — the first two months saw the lockdown, which was partially eased in June.

The government is hopeful of a V-shape recovery in the coming quarters, but the Reserve Bank of India (RBI) is not. Lead indicators lend credence to RBI's theory of gradual recovery.

In contrast, equity markets, which crashed over 40 per cent even before the lockdown came into effect on March 24, have defied fears, staging a dramatic recovery fuelled by aggressive stimulus measures by global central banks and support from the Centre and the

Topics : Coronavirus Reserve Bank of India Indian Economy Indian stock market India GDP growth Stimulus package Nifty BSE Sensex

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in