India’s Stock Market:
India’s stock market capitalization is currently the fifth largest globally at $4.5 trillion, according to a report titled ‘Recap 2024.
- Crystal Gaze 2025’ by financial conglomerate Pantomath Group.
- The report predicts that India’s market cap is likely to hit $10 trillion by 2030, driven by strong economic growth and favorable government policies.
- This would make India the third-largest economy in the world by 2027.
- As of 2024, the top five countries by market capitalization are:
- United States: $44.7 trillion
- China: $9.8 trillion
- Japan: $6 trillion
- Hong Kong: $4.8 trillion
- India: $4.5 trillion
- In the fiscal year 2023-24, the Indian equity market witnessed a phenomenal performance, with benchmark indices soaring to unprecedented all-time highs:
- Nifty: Scaled a milestone of 22,526.60
- Sensex: Reached a peak of 74,245.17
- NSE Midcap 100: Advanced around 60.06%
- NSE Smallcap 250: Advanced around 63.07%
- India emerged as one of the best-performing markets in the last four years, ending a time-wise correction in March 2023 and continuing its strong momentum.
