I came across an interesting research paper to find out correlation between the correlation between GDP growth rate and BSE SENSEX Index. The conclusion is that Regression Analysis between GDP growth rate and BSE SENSEX Index shows there is positive significant correlation between these two Variable.

The correlation between GDP growth rate and BSE SENSEX Index is r = 0.093725592 which shows positive relationship. Co-efficient of determination is 0.008784487. In Another word 0.009 % of volatility in BSE SENSEX Index is due to variations in growth rate in GDP. Therefore, It is concluded that there is positive correlation between GDP growth rate and BSE SENSEX Index.

To read the COMPLETE RESEARCH Paper, Kindly click on the following link
http://ijcrt.org/papers/IJCRT1893257.pdf

Source: Analysis of Impact of Gross Domestic Products (GDP) on Stock Market Returns in India by International Journal of Creative Research Thoughts (IJCRT) Volume 6, Issue 2 April 2018