- India's GDP growth is at 7.8%
- World Bank revises India's growth outlook to 7.1%
- Benchmark indices fall by more than 1%
Benchmark indices on Dalal Street fell by more than 1%, even as India’s GDP growth reached 7.8%. The gap between strong economic growth and weak share prices has unsettled the market.
Foreign investors have been selling their shares. Rising bond yields across the world have also added to the pressure. Together, these factors have made the market cautious.
The World Bank has revised its growth outlook for India to 7.1%. The market reaction shows investors are wary even as the economy performs strongly.
