Truth Speaker Mitra (@SubhajitMitra) 205 Followers 31 Oct

Investment 703 2

How did Indian stock markets react previous recession—Financial Times and Wall Street Journal declared the US in recession the next year!

Always consider data with some integral facts like the developed and developing economy.

There is a huge difference and impact on people when a developed nation's GDP fluctuates by 1% from X%, and a developing nation faces the same level drop from the same range.

While the US unemployment rate was 9.3% during the 2008 financial crisis, India's jobless rate was only 5.3%. While the US had a negative growth rate of -2.5%, India's GDP saw positive growth of 3.09%. 

The BSE Sensex reached 21,000 on January 2008 and 8200 on March 2009. This indicates that throughout this time, the market took 400+ days to reach its lowest. 

Although the recessions of 2008 and 2001 were both terrible, the 2008–09 recession, when the Sensex plummeted nearly 60% from its peak, caused the most harm. Not merely a stock is plunging by 60%; keep in mind that. Based on how risky something is, stocks may respond more or less. Depending on performance, a stock could lose more or gain more value during that time.

Indian stock market did not react strongly even after a mid-level mega event like the lockdown jolt of Q1 FY 20-21.


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