News

Published: July 5, 2023
Updated: July 5, 2023

India's Market Capitalization Surpasses Rs 300 Trillion, Becomes Fourth-Largest Equity Market

India's stock market has reached a significant milestone as the combined market capitalization (m-cap) of all companies listed on the Bombay Stock Exchange (BSE) crossed Rs 300 trillion. This achievement solidifies India's position as the world's fourth-largest equity market, excluding Hong Kong. With a market value of nearly $3.6 trillion, India has experienced a growth of 7 percent this year, although its contribution to the global market cap currently stands at 3.3 percent.

Global Market Comparison:

While India's market cap has seen substantial growth, it is important to note that the upward movement in many global markets has been even more pronounced. The United States, fueled by a rally in big tech stocks, has witnessed a remarkable 15 percent rise in its m-cap this year. Similarly, Japan has experienced a nearly 10 percent surge in its market value, while France and Saudi Arabia have seen double-digit growth.

India's Market Journey:

India's journey to surpassing the Rs 300 trillion mark has been marked by significant milestones. In 2014, the country's m-cap first crossed the Rs 100 trillion mark, demonstrating its potential and growth trajectory. The subsequent milestone of Rs 200 trillion was achieved in 2021, highlighting India's consistent economic progress.

India's stock market showcases its strength and resilience

With its recent achievement of crossing Rs 300 trillion in market capitalization, India's stock market continues to showcase its strength and resilience. While the country has secured its position as the fourth-largest equity market globally, it remains crucial for India to sustain its growth momentum and capitalise on emerging opportunities. As global markets experience dynamic shifts, India must navigate any challenges and leverage its potential for further economic development.