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Published on 30 May 2023
lakshay's Personal Gallery
India has regained its position as the world's fifth largest stock market after a year.
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.
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.
Despite COVID-19, India has shown resilience, with the stock market bouncing back to pre-pandemic levels.
Energy conglomerate Reliance Industries is leading the rally, accounting for over 15% of the BSE's total market capitalisation.
Indian equities have also outperformed major global stock markets, including the US, for seven consecutive years.
Foreign investors have invested $4.9 billion in Indian equities in June alone, indicating improved investor confidence in the country's stock market.
India's robust domestic economy, improved reform measures, and the implementation of growth-oriented policies have made it a preferred destination for global investors.
The country's long-term growth prospects continue to remain positive.