• Prerna Arya
• Parvathy vk

Capital markets play a very important role in the growth of the economy. The level of technology advancements, literacy and regulations of a country are constant factors that improve the performance of the market. The strength of these financial markets plays an important role in the economic growth of the country. This research was carried out to between a developed country, Japan and a developing country, India. The period of analysis was 8 years and the independent variables taken for this study were the Stock Indices of the respective countries and the Foreign Exchange against the US Dollar. This research shows us how the instruments of a developing country have a significant impact on the economic growth while the instruments of a developed country don’t have a significant impact.

Developing Country, Developed Country, GDP, Stock Indices, Foreign Exchange,

"Impact of Capital Markets on the Economic Growth of a Country: A Comparison between a Developed and Developing Country", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.1-8, June-2019, Available :http://www.jetir.org/papers/JETIRCK06001.pdf

"Impact of Capital Markets on the Economic Growth of a Country: A Comparison between a Developed and Developing Country", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp1-8, June-2019, Available at : http://www.jetir.org/papers/JETIRCK06001.pdf