Despite Conflicts, Domestic Economy Stands Rooted

Editors Keyboard

The frontline equity indices in India have moved up by almost 1 per cent since the start of the Israel-Gaza conflict. This shows that the Indian stock market has been relatively resilient in the face of heightened global tensions. This is due in part to the strong domestic economy. Last week, the International Monetary Fund (IMF), despite reducing its forecast for global growth to 3 per cent, has increased India’s GDP projection by 0.2 per cent to 6.3 per cent. This, in addition to the better macroeconomic numbers, gives us the much-required support.