Five reasons India's stock market is sinking even when its economy is growing

[Master Chief]

Ok. Say that mis-estimation happened. The follow-on impact of the mis-estimation has not been on GDP growth, credit ratings and foreign investments (and reserves). All three represent the strength of economy.

Stock market is not an indicator of an economy's strength (from a core metric/driver perspective). One can make "reasonable" guess what would happen to stock if say credit ratings go down - but still that is a "guess". This is esp. true for BSE and many Asian markets where a lot of "gambling" tendencies are seen in stock market. E.g., GoI banned certain types of stock market activties (in options market) because the retail investors were engaging in "gambling" type behavior.

I agree with your second paragraph. I never actually claimed otherwise.

But since you brought it up, a crashed stock market does generally reflect harm to one's qol. Wages will fall.

Similarly, increased wages (relative to inflation) should raise the stock value of whatever is listed overall.

Your first paragraph I explained already. Geopolitical concerns frequently excuse bad bookkeeping.