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India surpassed Hong Kong for the first time, with the total value of shares listed on Indian exchanges reaching $4.33 trillion as of Monday, January 22, which exceeds Hong Kong's $4.29 trillion.
In a piece of good news, India’s stock market has surpassed Hong Kong to become the world’s fourth-largest stock market. India surpassed Hong Kong for the first time, with the total value of shares listed on Indian exchanges reaching $4.33 trillion as of Monday, January 22, which exceeds Hong Kong’s $4.29 trillion.
In fact, India’s stock market capitalization already crossed USD 4 trillion for the first time on December 5, 2023, with about half of that coming in the past 4 years. Meanwhile, it makes India the world’s fourth-largest equity market. However, the top three stock markets are the US, China, and Japan.
Interestingly, in 2023 itself, the Sensex and Nifty 50 indexes gained 17–18% on a cumulative basis, and the indexes gained a mere 3-4% each in 2022. On the other side, Hong Kong’s benchmark Hang Seng Index cumulatively declined 32–33% for the last year.
According to stock market analysts, Indian equities are surging, fuelled by a growing base of retail investors and robust corporate earnings. In addition to that, India presents itself as a viable alternative to China, attracting global companies due to its stable political environment and a consumption-driven economy among the fastest-growing global economies.
