NEW DELHI: Everywhere else, they are busy painting doomsday scenarios. On Dalal Street , investors are simply loving it.A slew of government policy measures and booster shots that the Modi government has come up with over the past 11 days have helped the market quickly get over global headwinds and chart its own course.As if on cue, the Modi government has stepped on the gas to recharge the domestic economy every time things have gone wrong on the global front.The government has eased FDI , effected money policy reforms, doled out a huge pay hike to millions of public servants to create demand in the economy and is actively pushing to usher in landmark tax reforms that can infuse new blood into the manufacturing sector.And all of it has been timed well. Every time the stock market has weakened in response to some adversity, the government has brought in something new to give investors some hope and the market a necessary momentum.It started off with Rexit or exit of central bank governor Raghuram Rajan , and then in response to Brexit , all of which helped the market quickly get over the setbacks, which at times sliced up to 1,000 points off the benchmark Sensex “I am satisfied with the pace of reforms. If you look at it, a lot has been done in every sphere and the decisions have been based on sound economic policy,” Ajay Piramal of Piramal Enterprises told ET Now in an interview.Whether or not they are sound in terms of economic policy, they have definitely proved to be a shot in the arm for the stock market. The policy measures have been timed well and focused on infusing new blood into the domestic economy.Here’s how all this has worked.Last Saturday, Reserve Bank of India Governor Raghuram Rajan announced his intention to leave office at the end of this term this September, and everyone was expecting the market to crash on Monday. But it didn’t. By afternoon that day, the government unveiled a slew of FDI reforms, allowing up to 100 per cent FDI in aviation, 74 per cent in pharma and 100 per cent in defence through the approval route while clearing FDI in cable TV and brownfield airports through the automatic route. Nirmala Sitharaman had you believe that it was work in progress, but the timing of it was not lost on anyone.Fast forward to Friday, when the Sensex tanked over 1,000 points as the Brits decided to divorce the EU. The benchmark index closed the day 605 points lower that day, the biggest intra-day loss in many months. By Tuesday, rumour mills were abuzz that the seventh Pay Commission award was coming.And on Wednesday, the government gave its nod to one of the most awaited measures, helping the market jump over 200 points at one point, which left the benchmark indices just 1 per cent short of their pre-Brexit levels."This was a positive move. This will help the government achieve the GDP growth target quickly,” said Motilal Oswal, CMD, Motilal Oswal Financial Service.The shock of Rajan’s exit would be assuaged quickly only if the government could respond quickly with a name as credible as Rajan. Even though it was earlier said that the next governor will be announced only in August, the buzz is that the name will be out as soon as July. And the incumbent will even be a part of RBI’s first-ever Monetary Policy Committee, which will decide monetary policy this August onwards.In policy circles and on Dalal Street, Rajan’s exit was attributed to the government’s high-handedness and political interference in economic policies. So, Prime Minister Narendra Modi himself came up with some rearguard action, giving an interview on television, in which he sang paeans for the outgoing governor and slammed people within his party for criticising Rajan’s ‘outstanding’ work as RBI Governor. Finance Minister Arun Jaitley too tried his part to ease investors’ worries, while reminding them of the good work that the government has done over the past two years.This would take the cake, if the government manages to deliver on its promise. The GST has been awaited for long and after the recent Rajya Sabha elections, the government seems to have finally found a way to work around the Opposition hurdle. There is a lot of optimism that the landmark tax reform may finally get through in the monsoon session of Parliament , which starts on July 18, and see the light of the day in the next financial year.