Department of Economic Affairs released the Economic Survey 2023-24 today that lauded the capital market's impressive performance and its role in capital formation but cautioned about India's high market capitalisation to GDP ratio. It is essential to "strike a note of caution" on India's market capitalisation-to-GDP ratio, the report said. Market capitalisation-to-GDP ratio, also called the Buffett Indicator is a metric used to measure whether a market is underpriced or overpriced.