Stock Market Boom Threatens India's Economic Growth as Bank Deposits Decline

• On 23 July, Finance Minister Nirmala Sitharaman announced higher taxes on stock gains, causing a brief market crash that quickly recovered.
• The Indian stock market has tripled since April 2020, driven by individual investors who are ...

• The Indian stock market saw its steepest decline of 2024 due to disappointing quarterly earnings, rising inflation, and foreign investors shifting focus to China.
• Nifty 50 fell to its lowest level since August, closing at...

The distribution of deposits in scheduled commercial banks(SCBs) across the Indian economy reaffirms that India is fundamentally an ascending world country.

1. Households make up the majority of deposits, a whopping 61.95%, close to ₹...

• Pakistan's banks have seen significant profits due to high interest rates and government debt, with seven of the top 15 banks in Asia-Pacific by returns being Pakistani.
• The banking sector's after-tax profit nearly doubled to Rs642.2...