The Indian stock market reached a capitalization of $3.3 trillion and regained the fifth place in the ranking of the largest markets. In this respect informs Bloomberg agency.
By May 26, India’s market capitalization reached $3.3 trillion. The recovery in Adani Group shares has helped growth – the group’s 10 listed companies added nearly $15 billion to their market values last week.
The publication noted that the increase in Adani Group’s quotes has accelerated recently due to the results of the judicial commission, which found no signs of manipulation in stock prices. Moreover, the Indian market is also growing due to the slow recovery in the Chinese economy. So investors are transferring money from China to India because since the beginning of the year the country has shown one of the best GDP growth rates among the world’s largest economies.
In early December, the American television channel CNBC referred to the forecasts of the analytical company S&P Global and Morgan Stanley. knowledgeableIndia will become the third largest economy in the world, surpassing Japan and Germany. By 2030, the Asian country’s nominal gross domestic product (GDP) growth will remain at 6.3%, and by 2031 its GDP will more than double the current figure.