Rediff.com | 22/01/2021 03:20 PM | Click to read full article
The combined market capitalisation of all listed companies in India has crossed the country’s GDP for the first time in more than 10 years. This happened last in September 2010.
The GDP number is based on advance estimates for FY21 by the National Statistical Office (NSO). The government agency expects an 11 per cent year-on-year expansion in India’s nominal GDP in the second half of FY21 against a 20 per cent contraction in the first half of the year.