Stock Prices, Micro Reasons and Macro Economy in India: What Do Data Say between 1997-2007?

Kanakaraj, A.; Singh, Karan; Alex, Dony

doi:10.2139/ssrn.1035861

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Stock Prices, Micro Reasons and Macro Economy in India: What Do Data Say between 1997-2007?

35 Pages Posted: 30 Nov 2007 Last revised: 19 May 2008

See all articles by A. Kanakaraj

Karan Singh

India Habitat Centre - Indian Council for Research on International Economic Relations (ICRIER)

In this paper we analyze the relation between stock prices and the macro economy in the Indian context. We try and answer whether the recent stock market boom can be explained in terms of macroeconomic fundamentals. We find that there is a strong connection between the recent macroeconomic indicators' performance and the stock market in India.

Keywords: Stock Prices, Macro Economy

JEL Classification: E20, G12

Suggested Citation: Suggested Citation

Kanakaraj, A. and Singh, Karan and Alex, Dony, Stock Prices, Micro Reasons and Macro Economy in India: What Do Data Say between 1997-2007? (June 2007). Available at SSRN: https://ssrn.com/abstract=1035861 or http://dx.doi.org/10.2139/ssrn.1035861