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India's stock market achieves $4 trillion milestone for the 1st time, surpassing Hong Kong
Posted on December 7, 2023 |
India's stock market reached a significant milestone by surpassing $4 trillion in market value for the first time.
This achievement places India as the world's fifth-largest equity market, closing the gap with a declining Hong Kong market.
The market capitalization of India's listed companies has surged by $1 trillion in less than 3 years.
India's primary stock benchmarks, already at record highs, exhibit remarkable gains of over 13% this year, marking the eighth consecutive year of unprecedented growth.
Increased foreign investor interest in India is attributed to the nation's efforts to attract global investments in its capital markets and industrial production.