© 2015

Macroeconomic Variables and Security Prices in India during the Liberalized Period

  • Authors

Table of contents

  1. Front Matter
    Pages i-xx
  2. Tarak Nath Sahu
    Pages 1-9
  3. Tarak Nath Sahu
    Pages 39-77
  4. Tarak Nath Sahu
    Pages 79-96
  5. Tarak Nath Sahu
    Pages 97-205
  6. Tarak Nath Sahu
    Pages 207-214
  7. Back Matter
    Pages 215-230

About this book


The liberalization and globalization of the Indian economy has made India more vulnerable to macro issues. This book provides a comprehensive analysis of the dynamic relationship between macroeconomic variables and stock prices in India. The research findings and policy implications discussed here may also be relevant for other emerging economies.


macroeconomics liberalization India economy environment globalization methodology research stock market

About the authors

Dr. Tarak Nath Sahu is Assistant Professor in the Department of Commerce, Vidyasagar University, West Bengal, India. Dr. Sahu, a gold medalist at both graduate and post-graduate levels, has co-edited two books. His work has also been shared in a number of national and international journals and conferences.

Bibliographic information

Industry Sectors
Finance, Business & Banking


"In this interesting scholarly work, Dr. Tarak Nath Sahu has nicely explored and established the influence of macroeconomic variables on stock performance. His argument pushes investors and market analysts to evaluate macro variables from a new perspective." - T.P. Ghosh, Professor of Finance, Institute of Management Technology, Dubai, UAE

"This work attempts to explain, in the Indian context, the effect of the relationship between macroeconomic variables and stock prices. Not only does the work provide relevant and detailed analysis, it also makes policy recommendations and highlights the applications of its findings. Overall, this is an insightful work which will help investors and policy framers to make better decisions." - Sankarshan Basu, Indian Institute of Management Bangalore, India

"An excellent contribution to finance and towards building a cogent understanding of the Indian market. I found this volume informative, easy to assimilate, and thoroughly founded upon robust research. I believe it will dispel some misconceptions about the liberalization era's impact on the Indian capital markets." Stuart Locke, University of Waikato, New Zealand, and Institute of Public Enterprises, Hyderabad, India