Is A Major Stock Market Crash Looming In 2024? Insights From Abhisekh Kar | Paisa Live

Abhisekh Kar addressed concerns about speculations of a major market crash circulating on social media. He pointed out that predictions of a crash have been made by figures like Robert Kiyosaki, who has been forecasting a downturn for years, and Michel Maury, who predicted the 2008 recession. Kar noted that people often develop a bias towards individuals who have been correct once, overlooking their consistent predictions that didn't materialize. He praised the Reserve Bank of India (RBI) for its conservative approach, which has prevented India from becoming overly reliant on credit. He also commended the RBI's commitment to intervene if necessary to stabilize the Indian market. Kar downplayed the global recession's impact, emphasizing the disparity between the top 1% and the majority of India's workforce.