India's economy is growing fastest in the world. Due to which India has now become the fourth largest stock market in the world by surpassing Hong Kong. The combined value of shares listed on India's stock market and Indian exchanges has reached $4.33 trillion.
India is the fastest growing large economy in the world, as a result of which India has become the fourth largest stock market in the world. India has made its place in the top 10 markets by leaving Hong Kong. With this, the combined value of shares listed on India's stock market and Indian exchanges has reached $4.33 trillion, while the value of Hong Kong's stock market has reached $4.29 trillion. For this reason, India has now become the fourth largest stock and equity market in the world. Earlier in December last year, the stock market had crossed four trillion dollars for the first time.
This country is the biggest market
India's stock market has completed the value of two trillion dollars in the last four years alone. India's economic reforms have taken it to this pinnacle and made it a favorite of investors all over the world. At present, America is the largest stock market in the world whose value is 50.86 trillion dollars. After this, China is at second place with 8.44 trillion dollars and Japan is at third place with 6.36 trillion dollars.
There will be more growth in the market
There was a lot of growth in Indian shares last year. At the same time, according to experts, this year central banks around the world are also expected to cut interest rates. This will increase the confidence of investors and the Indian stock market will rise. Apart from this, the country's interim budget is also to be presented on February 1. Investors are waiting for the announcements to be made.
The market benefited from this
At the same time, BJP's victory in the assembly elections has also increased investors' confidence in the market. If the BJP-led NDA wins the general elections for the third consecutive time, it is expected to further boost the country's economy. Indian equity markets remained bullish for the eighth consecutive year last year. On the other hand, Hong Kong's Hang Seng has declined for the fourth consecutive year, while China's Shanghai Stock Exchange has also declined for the second consecutive year.
Why is Hong Kong market falling?
China is the reason behind the continuous decline of Hong Kong's market. China has faced many problems on the economic front, which is also affecting Hong Kong. There is tremendous pressure on American investors to reduce investments in Chinese companies. Global investors were hoping that China's economy would pick up after the restrictions related to Corona were lifted, but this did not happen. China's economy is continuously declining.
China's real estate is in deep crisis, people have greatly reduced their expenses. In such a situation, it is believed that China is stuck in recession. Chinese real estate companies have taken huge loans from foreign investors in Hong Kong. The effect of which is now visible on Hong Kong as well and its market has started decreasing.
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