MUMBAI - India's equity market has achieved a significant milestone by surpassing the market capitalization of Hong Kong's stock exchange. The Indian stock market's continuous expansion over the last eight years has culminated in a market capitalization of $4.33 trillion, edging out Hong Kong's $4.29 trillion. This growth places India's stock market in a prominent position on the global stage.
The United States remains the dominant force in global stock markets, boasting a market capitalization of $50.86 trillion. Behind the US, China holds the second-largest stock market with a market capitalization of $8.44 trillion, while Japan comes in third at $6.36 trillion.
The rise of India's stock market is attributed to a burgeoning retail investor base and favorable macroeconomic conditions that have supported its eight consecutive years of gains.
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