India’s stock market capitalization was $4.33 trillion, surpassing Hong Kong’s $4.29 trillion. Its strong market performance is due to GDP growth, controlled inflation, political stability, and monetary policy tightening.
On Monday, Indian exchange-listed shares were worth USD 4.33 trillion, beating Hong Kong’s USD 4.29 trillion. After four years of growth, India’s stock market capitalization reached USD 4 trillion on December 5, 2023.
Global stock markets are led by US, China, and Japan. The Sensex and Nifty rose 17-18% in 2023, compared to 3-4 percent in 2022, giving Indian stock investors a wonderful year. Hong Kong’s Hang Seng Index plummeted 32-33 percent last year.
India’s excellent market performance is due to a solid GDP growth forecast, controlled inflation, central government political stability, and signals that central banks worldwide have finished tightening monetary policy As the fastest-growing global economy, India has attracted large foreign portfolio investments (FPIs), who have net bought Indian stocks.
India’s stable political climate, consumption-driven economy, and potential as an alternative to China have attracted worldwide investors and firms.
Anti-COVID-19 actions, corporate regulatory crackdowns, a property-sector crisis, and geopolitical tensions with the West have caused Hong Kong to collapse to a new low. A drop in new listings has caused Hong Kong to lose its standing as one of the world’s busiest IPO locations.
Conclusion
The Indian stock market is worth USD 4.33 trillion, beating Hong Kong’s USD 4.29 trillion. Positive GDP growth estimates, controlled inflation, political stability, and monetary policy tightening drive the country’s market performance. India’s political stability and desirability as an alternative to China attract global portfolio investments. Hong Kong’s historic collapse owing to anti-COVID-19 measures, regulatory crackdowns, property-sector crises, and geopolitical tensions has reduced new listings, damaging its IPO hub status.
