International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 5 September-October 2024 Submit your research before last 3 days of October to publish your research paper in the issue of September-October.

An Analysis of the Stock Market's Impact on Economic Growth: Insights from an Indian Context

Author(s) K. RAMCHANDRAIAH
Country India
Abstract This research paper investigates the causal link between economic growth and stock market development in India, covering the period from 2003 to 2017. Economic growth is measured using the GDP growth rate, while stock market development is assessed through the Market Capitalization Ratio. The analysis employs a Vector Auto Regression (VAR) framework to explore the causal relationship. The findings indicate a robust connection between economic growth and stock market development. The study provides substantial evidence that the stock market positively influences economic growth, as demonstrated by the positive effects of the market capitalization to GDP ratio and the volume of stocks traded on the country's GDP.
Keywords Stock Market, Market Capitalization, Economic Growth, Vector Auto Regression (VAR), GDP
Field Mathematics > Economy / Commerce
Published In Volume 6, Issue 5, September-October 2024
Published On 2024-09-09
Cite This An Analysis of the Stock Market's Impact on Economic Growth: Insights from an Indian Context - K. RAMCHANDRAIAH - IJFMR Volume 6, Issue 5, September-October 2024. DOI 10.36948/ijfmr.2024.v06i05.27245
DOI https://doi.org/10.36948/ijfmr.2024.v06i05.27245
Short DOI https://doi.org/gwfgmk

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