Four fatal failures business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Forty years ago, the combined value on the stock market of the listed companies belonging to the 30 largest business “houses” was Rs 6,200 crore. GDP at the time was 28 times bigger (Rs 1.75 lakh crore). The combined value of companies listed on the National Stock Exchange today is about 15 per cent more than GDP, which last year was Rs 197 lakh crore. There has been a fair bit of churn in the private sector.
While stock market indices hold up a mirror to the changed reality, they don’t show the full picture partly because large unlisted and often foreign-owned companies don’t get counted, writes
Repeating recent history business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
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Whether the economy could have grown faster now is a matter to be debated in later years.
The question now is whether higher growth in earlier years could have saved us from today’s travails.
Uddalok Bhattacharya sums up
Sajjid Z Chinoysays: Putting the different pieces of the puzzle together, 2021-22 appears to be on course to growing at about 9 per cent less than previously envisioned Indiscrete disclosure has the potential to dent public trust, the bedrock of the banking business, says
Tamal Bandyopadhyay. Bankers, too, may not open their hearts with confidence to the RBI inspectors, lest every word they utter become part of the public discourse.