India Leads Top 5 Stock Markets with Market Cap Surpassing $5.5 Trillion

In comparison, the US stock market moved up by 13.50 percent during this period, Hong Kong by 4.15 percent, Japan by 4.02 percent, while that of China dropped by 13.61 percent.

The Indian bazaar has emerged as the best performer among the five largest stock markets in the world, notching an absolute return of over 25 per cent in market capitalization since the beginning of 2024. Indeed, its phenomenal run saw the total market cap of BSE cross ₹462 lakh crore on Wednesday—more than $5.5 trillion.

In comparison, the US stock market moved up by 13.50 percent during this period, Hong Kong by 4.15 percent, Japan by 4.02 percent, while that of China dropped by 13.61 percent.

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The US had the largest stock market globally, followed by China at USD8.24 trillion, Japan at USD6.49 trillion, and India at USD5.51 trillion. Hong Kong ranked the fifth place, with a capitalization of USD4.92 trillion.

May 28, 2007, was when the market capitalization first crossed a $1 trillion for the Indian stock market. On July 10, 2017, it reached $2 trillion; on May 24, 2021, it hit the mark of $3 trillion; on November 30, 2023, it further crossed the $4 trillion mark. Just after six months on May 24, 2024, it crossed the $5 trillion mark.

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This miracle growth in the Indian stock market goes with solid GDP performance. India's GDP grew by 8.2 percent in the financial year 2023-24, and the Economic Survey pegged a growth rate of 7 percent for the financial year 2024-25.

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