The boom in the stock market still continues. On the morning of December 8, when RBI announced the decision of the MPC meeting, a record surge was seen in the market. Both Sensex and Nifty reached their all-time high levels. Right now the market has weakened a bit, but is still trading in the green zone. Ashish Chauhan, MD and CEO of National Stock Exchange, has expressed confidence that by the year 2047, the capitalization of the Indian stock market can reach about 50 trillion dollars.
NSE’s market cap is more than Pakistan’s
He said that India is likely to achieve double the achievements in the year when the country completes 100 years of independence. At present, India’s stock market is trading with a capitalization of about four trillion dollars. Referring to this huge growth, Chauhan gave the example that according to the existing NSE, they would have been the 20th largest country in the world. If we talk about Pakistan’s economy today, Pakistan’s economy is the 25th largest economy in the world in terms of purchasing power parity (PPP).
fast growing investors
The total number of investors investing in the Indian stock market has reached around 8.35 crores. About 17% of those families are investing directly in the stock market through NSE’s nationwide network of business members. The performance of stock markets has improved and the main reason for this is confidence in market operations. He said that corporate governance has strengthened the health of the country’s stock market and has contributed significantly to its growth. For this market to progress, corporate governance is very important. In terms of stock market capitalization of India, only America, China, Japan, and Hong Kong come before India. The market capitalization of Hong Kong is mainly due to the Chinese companies listed there.
