India’s equity market has achieved a notable milestone by surpassing the market capitalization of Hong Kong’s stock exchange. The continuous expansion of the Indian stock market over the past eight years has led to a market capitalization of $4.33 trillion, outpacing Hong Kong’s $4.29 trillion. This growth marks a significant position for India’s stock market on the global stage.
Despite this achievement, the United States remains the dominant force in global stock markets, boasting a market capitalization of $50.86 trillion. Following the US, China holds the second-largest stock market with a market capitalization of $8.44 trillion, while Japan ranks third at $6.36 trillion.
The rise of India’s stock market is attributed to several factors, including a growing retail investor base and favorable macroeconomic conditions that have contributed to eight consecutive years of gains.