Singh is King! Sensex surged nearly 5 times when Manmohan Singh was Prime Minister
index BSE Sensex surged 398% or nearly five times between 2004 and 2014, climbing from 4,961 to 24,693, when then Prime Minister Manmohan Singh was at the helm. The 30 stock index ended positive on 8 out of 10 occasions during his tenure.
The highest Sensex return of 81% came in 2009 followed by 47%, each in 2006 and 2007. In 2004, 2005, 2010, 2012 and 2013, the returns were at 33%, 42%, 17%, 26% and 9%, respectively.
The returns were negative in 2008, when the world order fell apart with the global financial crisis. Another year when Sensex fell was by 27% in 2011.
Dr Singh was the 13th Prime Minister of India and is also the fourth longest serving Prime Minister of India. He is behind Jawaharlal Nehru, Indira Gandhi and the incumbent PM Narendra Modi.
Dr Singh also held several prestigious positions during his decades of public life. He was a Member of the Planning Commission of India in 1980-1982 and became the Governor of the Reserve Bank of India (RBI) during 1982-1985. In 1991, he was appointed as Finance Minister of India under the PV Narsimha rao government and later became the PM for two consecutive terms.
Stock Trading
Masterclass on Value Investing and Company Valuation
By — The Economic Times, Get Certified By India's Top Business News Brand
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager-
