Stock Markets Puzzle: Sensex Up, Economy Down

The reason for this is that those who own companies have earned a larger share of the income than those who work for them.

Sensex has almost doubled since the lockdown began, while India's GDP has slid down sharply. The reason for this is that those who own companies have earned a larger share of the income than those who work for them. Markets look at profits and profits can go up even if the economy collapses.