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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT
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ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
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Paper Title: A macro-economic perspective to the Indian Stock Market
Authors Name: Juhi Bakshi , Dr. Rabichandra
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IJNRD_184274
Published Paper Id: IJNRD2211195
Published In: Volume 7 Issue 11, November-2022
DOI: http://doi.one/10.1729/Journal.32220
Abstract: On the one hand, the stock market motivates individuals to invest in financial products and preserve money, while on the other, it makes it simple for businesses to obtain long-term funding for capital projects. However, the volatility of the stock market and its connections to economic growth have received less attention in recent economic times, which has a substantial impact on those who invest in it on a large scale. Retail investors have suffered significant wealth losses during times of acute market crashes, and this issue needs to be addressed. This study investigates whether there are long-run and short-run dynamic interactions between stock prices and GDP growth rate, which are robust to structural fractures in the cointegration vector as well as the deterministic vector, using the cointegration test and Granger causality approaches. The study also looks into the direction of causality in the event that a long/short-run correlation is found. If there is a significant correlation between stock prices and these variables and a causal linkage linking macroeconomic variables to stock prices, macroeconomic variable fluctuations can be controlled to prevent stock market crises (specifically, controlling exchange rates and interest rate movements). The government can focus on domestic economic policy to maintain the stock market throughout any financial crisis. The global bank's data for India and the Sensex were used to calculate the study's indices.
Keywords: Stock Market, GDP, Cointegration, Granger Causality, Unit Root test
Cite Article: "A macro-economic perspective to the Indian Stock Market", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.7, Issue 11, page no.b787-b796, November-2022, Available :http://www.ijnrd.org/papers/IJNRD2211195.pdf
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ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publication Details: Published Paper ID:IJNRD2211195
Registration ID: 184274
Published In: Volume 7 Issue 11, November-2022
DOI (Digital Object Identifier): http://doi.one/10.1729/Journal.32220
Page No: b787-b796
Country: Vadodara, Gujarat, India
Research Area: Commerce
Publisher : IJ Publication
Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2211195
Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2211195
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ISSN: 2456-4184
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