Puzzled why stock market is buoyant amidst slowdown: Arvind Subramanian

Expressing his confusion over a buoyant stock market amidst economic slowdown, renowned economist and former chief economic advisor (CEA) for government, Arvind Subramanian called for research in the area.

Subramanian was speaking at the inauguration of the NSE Centre for Behavioural Science in Finance, Economics and Marketing, being set up jointly by Indian Institute of Management, Ahmedabad (IIM-A), NSE and NSE IPFT.

"I hope the first behavioural economics project for the Centre is going to be to explain to me why as the economy has been going down, the stock market has been going up. If you can crack this