$2.7 trillion m-cap India now world’s 7th biggest market
Based on the latest IMF projections, India’s growth will rebound sharply to 11.5 per cent in FY22 and 6.8 per cent in FY23.
Synopsis
Indian stocks edged past Canada after almost 11 months. Europe’s largest economy Germany has a market value of $2.53 trillion. Only two European countries — France and the United Kingdom — are among the biggest seven markets.
Mumbai: India's stock market has moved up three spots to become the seventh-largest in the world in terms of market value. Local equities, which have added 6.9 per cent so far in 2021, taking the country’s total market capitalisation to $2.7 trillion, overtook Canada, Germany and Saudi Arabia. India is the second-best performer among the top 15 countries in 2021 and is inching towards the sixth position which is currently held by France at