The Brief: What’s Fuelling Stock Market Bull Run
Stable economic growth and strong corporate earnings add to sentiment.
Stable economic growth and strong corporate earnings add to sentiment.
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.
The veteran of the investment industry argues that this decade will witness an export-led growth. And while IT and pharma would rule the economy, other smaller industries, too, will jostle to rise up.