UPA's corporate report card

How has the corporate sector done during Manmohan Singh's 10 years? If you look at the wealth created, as defined by the value of all the shares listed on the stock exchanges, then stock value has multiplied over sixfold, from Rs 11.2 lakh crore in March 2004 to Rs 72 lakh crore in March this year. Since nominal GDP multiplied 4.5 times in the same period, shareholder wealth grew faster than incomes - as you would expect.

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