India’s stock market may overtake Britain soon, will be included in top-5 countries
[ad_1]
India Stock Market Capitalization: India has rapidly strengthened its hold in the global market in the last few years. This is the reason why the country’s stock market may soon overtake Britain in terms of market value. With this, India will be included in the list of top-5 countries in the world in terms of market value. According to a report, due to record low interest rates and increase in retail investment in recent times, India’s stock market has reached its record high level. There is not much difference between India and UK in terms of market size. Although in India, where there are great opportunities for investment in the market due to startups and active technology at present, in Britain, the impact of questions related to Brexit on the market can still be clearly seen.
According to a Bloomberg report, India’s market capitalization has increased by 37 percent this year to about 26,11.89 trillion rupees ($ 3.46 trillion). Which is almost the same as the UK, where the market capitalization remains at Rs 27,09.19 trillion ($ 3.59 trillion) with an increase of 9 per cent this year. However, if secondary listings and depository lists are also included in this, then these figures for India look even better.
Market Capitalization to reach $5 trillion by 2024
According to Goldman Sachs Group Inc, India’s share market capitalization can reach 37.72 trillion rupees ($ 5 trillion) by the year 2024. New IPOs coming in the market in the next two to three years will be a big reason for increasing the market value. According to Roger Jones, Head of Equity, London and Capital Asset Management, “The current trend for India’s domestic market is very high. It has a strong long-term growth rate as well as a stable and reformist political leadership. The reason is.” At the same time, he said, “On the other hand, if we talk about the current situation in Britain, then people here do not have the same attitude towards the market and a big reason for this is the results of the voting on Brexit.”
read also
Multibagger Stock Tips: Keep an eye on these stocks on October 12, can give profits
Credit Score Tips: What is Credit Utilization Ratio, How it Affects Your Credit Score
.
[ad_2]
