India's stock market capitalization reaches $4 trillion

16:17 - 6.12.2023


December 6, Fineko/abc.az. The market capitalization of the Indian stock market has reached $4 trillion for the first time in history.

ABC.AZ reports that this is stated in the data of Bloomberg agency.

In the last three years alone, total capitalization of Indian companies has increased by a total of $1 trillion.

India now ranks fifth in the world in terms of market capitalization of its stock market after the United States, China, Japan and Hong Kong.

This year alone, the total market value of Indian public companies, especially in the technology and energy sectors, increased by 13%, while Hong Kong, which is in fourth place, has its stock market capitalization decreased by 17% this year, to $4.7 trillion, allowing India to come close to 4th place.

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