Mumbai: Finance Minister Nirmala Sitharaman has been presiding over Indian stock markets’ biggest bull run in the last few months. Prime Minister Narendra Modi and Sitharaman are scripting what is easily the biggest wealth creation story in many years.
Sitharaman is a first time Finance Minister and just a year and a half into the job. Under her watch, India has seen the most tearing stock market frenzy since March of 2020 and one of the biggest wealth creation journeys for investors, domestic and foreign.
With the economy taking a hit due to the Covid 19 pandemic, it is the unstoppable run in the stock markets which has made hundreds of thousands of new investors flock to it in Covid times.
Investors opened 3.4 million new demat accounts in the September quarter, as per data by the Securities and Exchange Board of India (SEBI).
While global factors like easy liquidity and central bank bailouts have certainly played a role it cannot be denied that the economy and markets are under the Finance Ministry’s watch.
The markets are unstoppable breaching new records every passing day and foreign inflows are a deluge.
Is Sitharaman India’s most underrated Finance Minister and the best Finance Minister for the stock markets?