Indian Equity Markets: Measures of Fundamental Value

Rajnish Mehra

NBER Working Paper No. 16061
Issued in June 2010

---- Acknowledgements -----

Prepared for the India Policy Forum. I thank Surjit Bhalla, Barry Bosworth, Ajay Shay and the participants of the India Policy Forum for their helpful comments; Ellen McGrattan, Edward Prescott and especially John Donaldson for many helpful discussions and Viral Shah for his excellent research assistance. The usual caveat applies. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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