ADVERTISEMENTs
.png)
India becomes fourth-largest stock market in the World
The combined value of shares listed on Indian exchanges reached $4.33 trillion on Jan 22.
National Stock Exchange of India / Wikipedia
India’s stock market surpassed Hong Kong to become the fourth largest equity market in the world according to a Bloomberg report.
On January 22, the combined value of shares listed on Indian exchanges reached $4.33 trillion, outpacing Hong Kong's $4.29 trillion.
This achievement underscores India's growth prospects, propelling it to the forefront of global financial markets. The top three on the list of world’s largest stock markets are the United States on top, followed by China and Japan.
“India’s stock market overtakes Hong Kong’s for the first time in another feat for the South Asian nation whose growth prospects and policy reforms have made it an investor darling,” the Bloomberg report noted.
India’s stock market overtakes Hong Kong’s for the first time in another feat for the South Asian nation whose growth prospects and policy reforms have made it an investor darling https://t.co/wiIQP9gLEo pic.twitter.com/tN5uJJ1x7s
— Bloomberg TV (@BloombergTV) January 23, 2024
How India climbed the Ladder
India's ascent to the fourth-largest stock market globally is attributed to several factors, including investor-friendly policy reforms and the sustained economic growth of the country.
The market crossed the $4 trillion mark on December 5, 2023. It continued to progress due to the retail investor base, consistent inflows from foreign institutional investors (FII), corporate earnings, and the consumption-driven macroeconomic landscape.
India’s Stock Exchanges
India currently has seven official operating stock and commodity exchanges regulated by the Securities and Exchange Board of India (SEBI). However, the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) are the two leading authorities of the country.
Mumbai-based BSE contributed $3.3 trillion to the Indian stock market. The NSE, on the other hand, boasts a market cap of $3.27 trillion.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
E Paper
ADVERTISEMENT
.jpg)
Video
.jpg)
.jpg)
.jpg)
Comments
Start the conversation
Become a member of New India Abroad to start commenting.
Sign Up Now
Already have an account? Login