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India’s Stock Market Under Pressure Despite Strong Economy
Finance Minister Nirmala Sitharaman of India has stated that excess liquidity is a key reason for the struggling Indian stock market, despite the country's strong economic fundamentals. The ease of exit for investors due to excess liquidity is contributing to the selling pressure, with foreign investors moving their funds to other international markets, particularly to US-based companies with higher yields and to companies benefiting from rising crude oil prices and a weakening rupee.