“Imp Indian Capital Market on Socio- Economic Development: An Empirical Analysis”
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 5
Abstract
The Indian capital market has witnessed obvious transformation over the years and emerging market and other reforms has also attracted the interest of FII, and other investors, thus increasing capital inflow signifying an increase within the period. The main object of this study is to analyses empirically, the impact of Indian capital market on socio-economic development in terms of GDP level. To investigate this objective Indian capital market incidence of market capitalization of BSE & NSE, FII, capital issues of non GOVT public ltd company, mutual funds investment are taken as explanatory variable, GDP being exogenous variable. Using the ordinary least square (OLS) &Durbin Watson test, it was found that the market capitalization of BSE, and capital issues of non GOVT public ltd company have positive and significant impact on the GDP. The government is therefore advised to put up measures to step up investors’ confidence and activities in Market capitalization of NSE, FII, Mutual funds, and Number of issues. So that it could contribute significantly to the Indian socio-economic development.
Authors and Affiliations
Vasanthakumari. B, Nalla Ramakrishna, dr. Venugopal
Keywords
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- EP ID EP411256
- DOI 10.9790/487X-2005068392.
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