India’s stock market did something really big as it reached a value of $4 trillion for the first time on Tuesday. Narrowing the gap with Hong Kong, experiencing a notable decline.
According to the latest news India’s stock market has reached the impressive milestone of $4 trillion in market value. This marked a significant triumph for the world’s fifth-largest equity market. This achievement is particularly noteworthy as it narrows the gap with Hong Kong, which has experienced a notable decline in its market value.
Rapid Growth and Market Capitalization
Bloomberg, reports that the total value of Indian companies listed on the stock market went up high by a huge $1 trillion in less than three years. This makes India’s market impressive not just here but also worldwide. The main indicators for India’s stocks, which were already very high, went up by more than 13% this year. This continues the trend of big gains for eight years in a row. On the other hand, Hong Kong’s stock market went down by 17%, and its total value is now less than $4.7 trillion. Ashish Gupta, who is in charge of investing money at Axis Mutual Fund said how the market reacted positively to India changing the way it does its economy. Instead of just focusing on buying things, now it’s also about buying and investing. India is getting stronger economically, it’s considered the fastest-growing economy in the world.
India is working hard to get more money from investors around the world for its capital markets and industries. This is appreciable. In 2021, foreign investors put more than $15 billion into India’s stocks. And local funds added over $20 billion. This big support from people trading during the pandemic has been super important in making India’s stock market grow a lot. The achievement of India’s stock market surpassing the $4 trillion mark not only marks a milestone for the nation’s economy but also a testimony to its growth on the global stage. This clearly shows that in the future there will be a surge in foreign investor interest.