GDP contraction pushes Buffett indicator to 98%
The market cap-to-GDP ratio is at a decadal high which suggests overvaluation, say experts
The Buffett indicator’s current level was only beaten in FY2008, peaking out at around 146% of GDP in December 2007
MUMBAI : A 22.6% contraction in nominal GDP for the first quarter of financial year 2020-21 has sent the market cap-to-GDP ratio spiralling up to a decadal high of 98%.
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