The Modi government has handled inflation far better than any government in the past two decades. Both the stock market and currency indices have begun to show confidence in the economy, despite the mounting global headwinds of trade.
While some companies used that to become world leaders, others squandered it by over-borrowing.
So, what does 2016 have in store for the Indian markets? Will they be able to take a giant leap forward in the leap year, and what are the key risks?
An expectation of tax sops in Budget, weakness of dollar and robust tax collection are adding positive sentiment
Operational income not covering even their interest expenses, finds study; analysts say if economy turns around, new equity issuances an option
Sebi first began looking into the matter last month.
When does it make sense and when does it not?
Experts argue that the top two players in each category will receive funding sooner or later, but for laggards, the market is still challenging
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
'One of the biggest issues the Indian economy faces right now is of job creation...' 'The nexus between growth and employment has to be closed...' 'In the absence of a manufacturing expansion, the alternative is to have the service sector as the driver of both GDP as well as employment growth.'
Although markets such as Mumbai and some places in the national capital region have continued to see a slowdown in the property markets over the last three years, developers were pinning their hope on the festive season.
Banks, real estate and metal scrips among the top losers.
The Congress chief said if his party is elected to power, its government would spend 6 per cent of the GDP on education.
The contraction in M&A activity in India contrasts sharply with the upbeat global picture, much of it led by a reviving US economy.
Across the board, demand would appear to be slacker than it should be if we are headed for a healthy recovery.
Without the handsome receipts from the sale of government equity in PSUs and sharp increases in excise revenues from oil, Mr Jaitley's fiscal consolidation drive would have become even more arduous, says A K Bhattacharya.
The pre-dawn signals are on the balance negative.
However, independent economists are not as gung-ho as the finance ministry over the likelihood of deficit target being met this time around, says Indivjal Dhasmana.
M Muneer recommends segmenting the population on the basis of their propensity to embrace new technologies is the key to driving digitisation.
Modi said his critics were seeing slowdown in the last two quarters but were ignoring that the BJP government had brought down inflation from 10% to 2.5%.
Further, the rate of growth improved in all, between June and July 2014.
The pipeline for well-qualified and experienced policy economists at senior levels of government has broken, leading to a growing dearth of suitable candidates for top economist positions.
There are actually great similarities between the two PM
Movement of rupee and crude oil prices will also dictate the trend
With weekly additions slowing, it's likely that demand could be slackening
Most analysts had predicted a decline in real estate fixed asset investment.
UPA-II has yielded a 7.5 per cent average annual growth rate
'At this point, neither the army or the IAF has that immediate, punitive deterrent power against Pakistan.' 'Forget a three-week war; on the LoC, where the action is, Pakistan has until now fielded better infantry weapons, body armour, sniper rifles, and matching artillery' points out Shekhar Gupta.
Sensex dull at close, Infosys rules, ITC drags.
The government's initial promise and energy seems to have dissipated.
South and South-West Asia could witness an economic growth of 5.3 per cent in 2015, which will be a four-year high.
FDI inflows into India were $34 billion in 2014, up 22%.
Three key babus will make room for a new set of officers to carry the baton of Budget programmes.
President Pranab Mukherjee on Thursday cautioned that poor cannot wait for long and they need to get succour "here and now", in remarks that come against the backdrop of demonetisation which, he said, may lead to temporary slowdown of economy.
In her keynote address at the 8th annual Global Entrepreneurship Summit, she said that despite the soaring rate of female entrepreneurs, women still face steep obstacles to starting, owning, and growing their businesses.
The patience, discipline, and resolve displayed by 125 crore Indians, will play a critical role in shaping the future of the nation for years to come, the PM said.
BSE Mid-cap index ended at a record closing high of 10499.86 and CNX Mid-cap index ended at a record closing high of 12672.85 levels.
'When it comes to national politics, the Modi-Shah BJP has successfully redefined secularism.' 'If a party like the Congress has to have a future, it has to move closer to the secular centre from the far Left where its Left infatuation during the UPA years dragged it,' argues Shekhar Gupta.
If the high security notes introduced in 2015 were kept in the system, the pain due to demonetisation can be ameliorated to a certain extent. But unfortunately, such thought process have no place in the hasty demonetisation decision.
A policy-related problem that urgently needs to be redressed is the 'miniaturisation' of projects.