Indian stock markets have given higher returns than Gold, FDs in FY24

Mumbai, May 3: Indian stock markets have generated an impressive performance during the FY 2023-24. The Nifty 50 index delivered a substantial return of 29 percent in FY 24.

According to the data shared by the National Stock Exchange (NSE), the growth of the Indian markets has marked the eighth consecutive year of positive returns. Notably, the last instance of negative returns in the Indian market dates back to 2015, highlighting the consistent upward trajectory of Indian equities.

While the FDs (Fixed Deposits) have given a return of around 7 per cent in the last year and Gold returns have also surged to 17 per cent in FY24.

Comparing the performance of the Indian stock market with its American and European counterparts reveals India's strong position in terms of returns. While the Nifty 50 provided a return of 29 percent, the S&P 500 index of America offered a slightly lower return of 27.9 percent. Similarly, the Euro Stoxx 50 index of Europe yielded a return of 17.8 percent only.

"Indian markets have benefited from a convergence of a strong macro, positive governmental policies to enhance the infrastructure and manufacturing base of the country, strong domestic institutional and household flows into the markets, and a robust IPO market. We see all of these trends continuing and creating a very long runway of outperformance for the Indian markets" said Ajay Bagga, Banking and Market expert.