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Podcast: Moneylife News Bites
Episode: India’s Equity: Update Your Beliefs
Description: India’s stock market is at record highs—but why do so many investors feel poorer? In this sharp, data-driven analysis, Debashis Basu dismantles three deeply held beliefs about Indian equities: that Nifty returns reflect investor portfolios, that economic growth automatically translates into corporate earnings, and that earnings growth guarantees strong market returns.In this audio Debashis Basu explains how government-led capex fuelled a small- and mid-cap boom that lifted retail portfolios while leaving Nifty heavyweights largely untouched—and why the slowdown in capex has reversed that trend. It also examines the long-term gap between India’s GDP gr...