Economics, Econometrics and Finance
4 years ago

Indian Stock Market Booms with High Equity Premium Rates Post-1991.

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National Bureau of Economic Research
The Equity Premium in India
Rajnish Mehra

Paper Summary

The Equity Premium in India study shows that the return on Indian stocks has been much higher than on safe investments like Treasury Bills since 1991. On average, the premium has been 9.7% above the risk-free rate. This high premium is hard to explain using economic theories.

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