India’s equity market capitalization has overtaken Hong Kong for the first time, making it the fourth largest globally. Favorable domestic development mobility with global capital flow has conducted India’s market rally.
$ 4 trillion crossing milestone
- By January 23, the total assessment of companies listed on Indian stock exchanges reached 4.33 trillion dollars. It overtakes Hong Kong’s $ 4.29 trillion market capitalization. Now only America, China and Japan have large equity markets. This feat shows India’s rapid stock market expansion – its market capitalization doubled from $ 2 trillion in just four years.
- Strong participation and stable foreign flow of Indian retail investors has accelerated domestic stocks. Strong corporate income growth in post -epidemic conditions has also helped.
- In addition, India’s stable political environment and reform-supporting policies have increased its appeal.
Better performance from China/Hong Kong
- While India’s stock market has broken records, Hong Kong has recently fought with the mainland Chinese equity.
- Strict covid sanctions, property sector problems and regulatory strictness have affected China’s economy, leading to a historic decline in the market.
- These adverse circumstances have withdrawn more than $ 6 trillion from Hong Kong and Chinese market price since the 2021 summit.
Constant speed
- Analysts believe that India’s stock market continues to rise due to economic expansion and tributaries. India remains one of the fastest growing major economies in the world.
- In contrast, in view of the decline in growth, Chinese/Hong Kong shares remain less optimism in the near future.