India is stock market superpower
India’s National Stock Exchange (NSE) has achieved a new feat by crossing the $4 trillion valuation mark recently. Only the New York Stock Exchange (USA), Nasdaq (USA), Shanghai Stock Exchange (China), Euronext, Japan Stock Exchange and Shenzhen Stock Exchange (China) (in this order) now have a higher valuation than the NSE.
With this feat, India’s stock market valuation (NSE (Nifty index) and BSE (BSE Sensex index) combined) is now the fifth-highest in the world, behind only the United States, China, Japan and Hong Kong.
India’s market growth in 2023 has been the sharpest in the last three years, growing by around 25 per cent, crossing the overall market valuation of $4.16 trillion.
USA is currently the leading stock market in the world, with a total valuation of over $50 trillion (NYSE and Nasdaq combined), having grown by 22.6 per cent this year.
