India’s equity market has entered in the world’s top five club in terms of market capitalisation for the first time.
- Now the top five countries in terms of market capitalisation, are: the USA ($47.32 trillion), China ($11.52 trillion), Japan ($6.00 trillion), Hong Kong ($5.55 trillion) and India ($3.21trillion).
- India’s total market cap stands at $3.21 trillion, which is higher than that of the UK ($3.19 trillion), Saudi Arabia ($3.18 trillion), and Canada ($3.18 trillion).
- In 2022, India has climbed two positions, despite a 7.4 per cent drop in its market cap. At the start of the year, the UK and France ranked fifth and sixth with a market cap of $3.7 trillion and $3.5 trillion, respectively.
- Russia’s attack on Ukraine has upended the ranking with European nations seeing the maximum erosion in market cap. Germany, once among the top five markets, has now slipped to tenth.
- Market capitalization (also known as market value) is the share price times the number of shares outstanding.
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