Indian economy set to hit $5 trillion by 2024-25; $10 trillion by 2030, says Hardeep Puri
GDP growth forecasts, inflation at manageable levels, political stability at the central government level and signs that the central bank is done tightening its monetary policy have all contributed to painting a bright picture for the Indian stock market. India's stock market capitalization crossed $4 trillion for the first time on December 5, 2023, with about half of that reportedly coming in the past four years.
The top three stock markets are those of US, China, and Japan. Cumulatively, the past 12 months have been stellar for investors who parked their money in Indian stocks.
Though there has been some turbulence, the calendar year 2023 gave handsome monetary dividends to stock market investors. In 2023 itself, Sensex and Nifty gained 17-18%, on a cumulative basis.
They gained a mere three to 4% each in 2022. Notably, foreign portfolio investors have again trained their sight towards India, becoming net buyers in the country's stock market.
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