In the previous article (https://hktg13.substack.com/p/unlocking-state-economic-activity), we chronicled India’s economic journey over last 60 years, through the prism of GDP share over time. While there were many sceptics then of India’s improving economic prospects, the pendulum has swung. Multiple reforms, healthy corporate and household balance sheets, significant productivity boosters of infrastructure rollout, digital stack and young population all point to continued ascendancy of Indian economy.
Does GDP Growth automatically translate to equity returns – Evidence from other countries
quite brilliant