Buffett Indicator falls below 100%. Is Nifty blinking buy now?
Considering India’s nominal FY23 GDP at Rs 273 trillion, India’s total market cap to GDP is now trading at 92%. “At FY24 projected nominal GDP levels, Mcap/GDP ratio translated into 84% (fairly valued). As per the Union Budget 2023-24, the FY24 GDP assumption is pegged at Rs 301 trillion,” Axis Securities said
