New Delhi, Feb 26 (IANS) The Economic Survey for 2015-16 tabled in parliament on Friday stated that despite heavy volatility in global financial system, the Indian stock markets were more resilient than their global peers.
Authored by Chief Economic Advisor in the Finance Ministry Arvind Subramanian, the survey said: “Despite volatility in global financial markets, the Indian equity market has been relatively resilient during this period compared to the other major emerging market economies.”
“The market has rebounded time and time again.”
The survey expects India to become the leading investment destination, once the global financial system settles down.
Further, the economic survey has attributed India’s robust macroeconomic fundamentals, as major drivers that are expected to attract more foreign investments into the domestic equity markets.