FINANCIAL TRANSFORMATION IN POST-PANDEMIC INDIA: INSIGHTS FROM BONDS, EQUITIES, AND ECONOMIC DATA
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Keywords
Bond yields, Equity returns, Economic indicators, COVID-19, India, Monetary policy, Regression analysis.
Abstract
The COVID-19 pandemic caused unparalleled disruptions in India’s financial system, altering the interaction between capital markets and macroeconomic indicators. This paper examines how India’s bond yields, equity market returns, and core economic variables evolved between the pre-pandemic (Sept 2017–Feb 2020) and post-pandemic (Jul 2020–Dec 2022) periods. Using Reserve Bank of India and NSE data, the study employs descriptive statistics, paired t-tests, correlation matrices, and multiple regression (OLS) to assess structural shifts. Results show a significant decline in government bond yields following accommodative monetary policy, while equity returns surged amid fiscal stimulus and liquidity expansion. Inflation and exchange-rate movements displayed altered relationships with financial assets in the post-COVID environment. The findings suggest that India’s monetary–financial transmission mechanism has structurally changed, demanding adaptive policy frameworks and diversified investment strategies.
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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
All articles published in JPTCP are licensed under Copyright Creative Commons Attribution-NonCommercial 4.0 International License.
Kishore Kumar Talukdar
Industrial Researchers-Banking & Finance
Mr. Anil Aggarwal
Industrial Researchers-Banking & Finance
Dr. Rakesh Sharma
Assistantprofessor,Sharda University, Greater Noida, Assistant Professor, SJNMPG
College, University of Lucknow, Uttar Pradesh
Dr. Saman Khan
Assistantprofessor,Sharda University, Greater Noida, Assistant Professor, SJNMPG
College, University of Lucknow, Uttar Pradesh
