India's market capitalization soared 24.8% to $4.16 trillion in 2023 so far, maintaining its fifth position globally.
2
India beats global markets
Indian stock market has outperformed the top 10 global markets this year, thanks to strong macroeconomic fundamentals and investments from both foreign and domestic institutions.
3
US, China market positions
The US market leads with a $50.35 trillion valuation, while China's market cap dropped 8.81% to $10.57 trillion.
4
Asian market's growth
Japan's market cap rose by 11.6% to $6.09 trillion, while Hong Kong experienced a decline of about 12.6%, dropping to $4.56 trillion.
5
European market's growth
In Europe, France's market cap surged 13.77% to $3.27 trillion, and the UK market expanded by 5.3% to $3.07 trillion.
6
India's GDP growth projection
In H1 FY24, India logged a 7.7% of GDP growth. This led the RBI to revise its FY24 GDP forecast to 7%.
For FY25, the RBI predicts an average growth of 6.5% in the first three quarters.
7
Nifty EPS predictions
Analysts predict a Nifty EPS average growth rate of around 20% for FY23-25, potentially leading to further market re-rating.