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Rs 6 lakh crore boom in 1 month! How PM Modi's GST cuts shook the stock market
Prime Minister Narendra Modi's GST rationalization led to a Rs 6 lakh crore stock market rally. Auto and consumer durable stocks emerged as big winners. Small cars and two-wheelers now attract lower GST. Analysts predict a boost in consumption and economic growth. Companies anticipate increased sales volume, especially in economy segments. Experts see a potential 'Lollapalooza effect' on aggregate demand.
Prime Minister Narendra Modi's GST rationalization led to a Rs 6 lakh crore stock market rally. Auto and consumer durable stocks emerged as big winners. Small cars and two-wheelers now attract lower GST. Analysts predict a boost in consumption and economic growth. Companies anticipate increased sales volume, especially in economy segments. Experts see a potential 'Lollapalooza effect' on aggregate demand.
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