The Buffett Indicator at All-Time Highs: Is This Cause for Concern?
The current Sensex market cap of India is trending around c. ₹ 198. 86 trillion, equivalent to US$ 2. 71 trillion.
(https://www.bseindia.com/markets/keystatics/Keystat_maktcap.aspx )
The Current estimated GDP (nominal) is c. US $ 2.8 trillion.
(https://en.m.wikipedia.org/wiki/Economy_of_India)
So , the Buffett Indicator for India is around a pretty reasonable and healthy 100%.
Comparing it to the terribly overheated 288% indicator in the USA (please see attached article), wouldn’t one might be safe in saying that the Indian stock markets are still sane , quite steady and pretty rational ?!
🤫🤫
Sudarshan Madabushi