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India as a developing economy have positive sentiments of the global investors about their economic fundamentals. India is one of the largest participatory and democratic countries whereas China is Monopolistic Authoritarian regime. The difference in the constitution, political and economic structure put India apart from other developing economies. The aim of the present research is to investigate the impact of macroeconomic variables on stock market volatility of India as developing economy. The present research investigates the annual data of macroeconomic variables of India from 2000 to 2019. The study finds that GDP, Inflation and Business trade shows have significant association with stock market and further affect its volatility whereas. The result implies that Government should take strict measures to boost Investors’ confidence that will further boosting the economic growth.
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