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Stock markets are often uncorrelated with their country's GDP growth / decline.

This explains many confusing things about Indian markets. Is there a place/book you recommend I can learn about it a bit more?

There's papers that I haven't read or analyzed but I just trust the summary.

https://rpc.cfainstitute.org/en/research/cfa-digest/2015/10/...

I also listen to some trustworthy YouTubers like Plain Bagel and Ben Felix.

This reminds me of a lovely joke about two economists on a desert island creating an economic miracle of GDP-per-capita growth by repeatedly paying eachother to eat sand.

The opposite of this is factoring in devaluation of currency. There is no guarantee of a sudden collapse in a given time period. It could just be a slow deterioration of quantity and quality of products and services being produced, with uneven effects across different businesses.

GDP is mostly a useless metric.