Indian stock market capitalization reached $4 trillion for the first time – Kommersant
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According to agency estimates Bloomberg, the market capitalization of the Indian stock market reached $4 trillion for the first time in history. Over the past three years alone, the 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 combined market value of Indian public companies, especially in the technology and energy sectors, grew by 13%, while fourth-place Hong Kong’s stock market capitalization fell 17% this year to $4.7 trillion, allowing India close to fourth place.
Since the beginning of the year, foreign investors have poured about $15 billion into Indian stocks, with an influx of funds from domestic investment funds amounting to another $20 billion. India is moving from a consumption-only economy to an investment-and-consumption economy, “as markets show positive dynamics, reflecting the country’s potential,” Bloomberg quotes Ashish Gupta, investment director of Axis Mutual Fund.
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