Indian equity markets continue to be very volatile. The Indian economy was in a good shape when the stress period started. We had a combination of low interest rates, high forex reserves and strong economic growth. Retail interest was high in the stock market and sustaining. Retail investors have been coming to the market in a structural manner and this was enabling our stock market correlation with the West to reduce.
India: Life market expected to grow by 15% in next 3-5 years
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