Hello sir,

The following things have to be added to our research proposal as per inputs from university

1) Add references to the introduction section as well

http://www.moneylife.in/article/three-critical-economic-factors-that-influence-the-indian-stock-
market/28695.html

Joseph T T (2013) Impact of Macroeconomic Variables on the Stock Market Prices of the Stockholm Stock Exchange
(OMXS30), Jonpoking International Business School, Jonpoking University

http://www.freepressjournal.in/business/impact-of-macroeconomic-indicators-on-india-capital-markets/100094

Yu-Je Lee et.al. (2010) The Investment Behavior, Decision Factors and Their Effects Toward Investment
Performance in the Taiwan Stock Market, he Journal of Global Business Management, Vol. 6, Num.
2, PP.179~190

http://indianmoney.com/how/an-introduction-to-secondary-market (Added in bibliography and

footnotes)

2) Cite existing research to justify the choice of macro economic indicators

Inflation: Tripathi V & Seth R (2014), Venkatraja B (2014) Kulathunga KMMCB

(2015), Nijam H M, Nijam M M & Musthafa A M M (2015)

FDI: Kalim R (2009) Mdam A M & Tweneboah G (2008) Paramati S R (2008)

GDP : Nijam H M, Nijam M M & Musthafa A M M (2015), Barasa J W (2014),

Subramanian, M (2015)

Foreign Exchange Rate: Patel S (2012), Tripathi V & Seth R (2014), Venkatraja B
(2014)

Budget Deficit: Joshi P & Giri A K (2015), S & P (2011) Abakah J A & Adusah-
Poku R (2016), Owen A (2014)

Foreign Trade: Dvorak T (2001), Mukherjee D (2007), Sun P & Heshmati A

(2010).
(Added in Sample size and period)

3) Add benefits of the study to researchers, academics and professionals

The academic fraternity will benefit from the research work by getting specific
models for analyzing the relationship between economic variable and stock market
 which can be used in the classroom environment. Specific studies can also be
conducted by researchers using the primary data from the investors and professionals
to understand the impact of micro variables on stock market. The professionals
involved in financial sector will be in better position to guide their clients in taking
right investment decisions. It will also help the professional in managing their own
portfolio also. Their understanding about the relationship between stock market and
economic variables will add to their professional expertise. (Added in significant of
study)

4) Show how your study will be different from existing similar studies

While there are many studies available explaining the relationship between economic
variables and stock market, most of the studies have considered any one economic
variables. There are only few studies available on relationship between Indian stock
markets and economic variables. Present study is an attempt to cover all major
economic variables at India level. (Added in significant)