EMBRACE VOLATILITY IN NEW YEAR

A cocktail of buoyant GDP growth, benign inflation and business-more-than-usual have created a feel-good factor in 2023 - now brace for volatility in the New Year.

- V. KESHAVDEV

OH, 2023, WHAT A SNOOZE FEST, RIGHT? The Grinch ‘stole’ the U.S. recession, and, shockingly, there was no grand re-enactment of the ‘Lehman’ crisis or a geo-political ‘apocalypse’ moment. Instead, stocks were high on dope, not just in India but in the U.S. as well, with tech shares staying frothy. Fixed income, real estate, gold and, yes, Bitcoin, too, couldn’t stop acing the price charts. Just your average, run-of-the-mill year in finance, ain’t it?

Amid a backdrop of paradoxical stability and chaos, the wealth landscape saw a significant milestone with India’s market cap surpassing $4 trillion, rising 26% through the year. The cumulative wealth of the country’s dollar billionaires, as per