Samir Arora, founder, Helios Capital, says current downturn is primarily a valuation-driven correction affecting a select group of companies. 2008 crisis was marked by excessive and wasteful investments, job losses, property price crashes, forced deleveraging, and rising NPAs, making it a far more severe economic downturn. Despite Indian markets falling up to 20 percent from record highs, historical data also aligns with Arora’s view and shows that this correction is far from the most severe in the past three decades. Over the past 30 years, the Nifty, Sensex, and Nifty 500 have undergone significant corrections in just eight years, while in the remaining 22 years, they have demonstrated resilience and maintained their long-term upward trajectory. Other market downturns have rebounded much faster. Events like the 2013 US Federal Reserve’s \”taper tantrum,\” the 2016 demonetization in India, and the 2020 COVID-19 pandemic saw recoveries within a year or less, driven by aggressive policy interventions and economic measures. The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Money control.com advises users to check with certified experts before taking any investment decisions.