Macroeconomic variables impact Indian stock market, shaping future market reforms.
The study looked at how different economic factors affect the Indian stock market after the country opened up its economy. By using a special mathematical model, the researchers found that nine economic factors have both short-term and long-term connections with the stock market. This shows that changes in things like interest rates and inflation can impact how well the stock market does in India. These findings could help guide future changes in the country's financial system.