India’s stock market has achieved a significant milestone by surpassing Hong Kong to become the fourth-largest equity market globally. Data compiled by Bloomberg reveals that the combined value of shares listed on Indian exchanges has reached $4.33 trillion, edging past Hong Kong’s $4.29 trillion. This marks the first time India has secured the fourth position in global stock market capitalization. The surge in India’s stock market is attributed to a rapidly growing retail investor base, consistent inflows from foreign institutional investors, strong corporate earnings, and robust domestic macroeconomic fundamentals.
