( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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INDIAN STOCK MARKET AND ITS FINANCIAL INTEGRATION

    1 Author(s):  ANNUSHRI

Vol -  6, Issue- 3 ,         Page(s) : 75 - 81  (2015 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

The performance of India’s economy over the last decade has been quite impressive. After a major economic crisis in 1991, the Government of India initiated bold reform measures and consequently the economy started experiencing a rapid economic growth rate and inflow of increasing foreign investment. Added to these has been the boom in the information technology sector where India is now rated to be virtually the leader. In 2004, India was the fourth largest economy in the world after the USA, China and Japan and also the second largest among emerging market economies in terms of gross domestic product (GDP) based on purchasing power parity. India is now the second fastest-growing major economy in the world with a GDP growth rate of 8.1 per cent at the end of the first quarter of 2005-06.

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