Project 90

Project 90

Published on 30 May 2023
  • Facebook
  • Twitter
  • Linkedin
Transcript
00:00
India has regained its position as the world's fifth largest stock market after a year.
00:06
The revival is attributed to investors' interest in Adani Group shares, increasing the wealth of its founder Gautam Adani by almost $50 billion in 2021.
00:16
The Bombay Stock Exchange's market capitalisation has now exceeded that of South Korea, reversing the trend that began in February 2020 when China's market capitalisation surpassed India's.
00:29
Despite COVID-19, India has shown resilience, with the stock market bouncing back to pre-pandemic levels.
00:36
Energy conglomerate Reliance Industries is leading the rally, accounting for over 15% of the BSE's total market capitalisation.
00:45
Indian equities have also outperformed major global stock markets, including the US, for seven consecutive years.
00:53
Foreign investors have invested $4.9 billion in Indian equities in June alone, indicating improved investor confidence in the country's stock market.
01:03
India's robust domestic economy, improved reform measures, and the implementation of growth-oriented policies have made it a preferred destination for global investors.
01:14
The country's long-term growth prospects continue to remain positive.