The sharp rally in the stock market ahead of Lok Sabha election results reflects optimistic outlook for the world’s fifth largest economy despite global economic and geopolitical uncertainties. The Sensex has crossed a record 75,300 mark which signals investor confidence in the economic growth, development and investment prospects of India.
Commenting on the recent rise in India’s benchmark share indices Sensex and Nifty, Dr. Vijay Kalantri, President – All India Association of Industries (AIAI) and Chairman MVIRDC World Trade Center remarked, “India is the shining beacon of stability, growth and resilience in the current global economic order. I am confident that we can soon cross USD 5 trillion economy by 2025 as envisioned by our Hon’ble Prime Minister Mr. Narendra Modi.”
Dr. Kalantri further added, “This is a landmark moment in the Indian capital market as the Sensex crossed all time high of 75,300, all the way up from 24000 when the Hon’ble Prime Minister took office. The record growth in investor wealth and stock market valuation is supported by strong economic fundamental and progressive government policies.”
AIAI raised hope that the benchmark Sensex will cross Rs. 1 lakh crore in the near future if the government continues to improve Ease of Doing Business to support manufacturing, trade, services and MSMEs that play an important role in inclusive economic development and Employment.
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