India’s Market Cap Crosses $5 Trillion: A Milestone Achievement

  • June 6, 2024, 8:10 p.m.

In a recent statement, BJP leader Piyush Goyal announced that India’s market capitalization has crossed the $5 trillion mark for the first time in the last 10 years under the Modi Government. This significant milestone places India’s equity market among the top 5 economies of the world in terms of market cap.

“In the last 10 years of Modi Govt, for the first time our market cap has crossed over 5 trillion dollars,” said Goyal. “Today, India’s equity market has entered the market cap of the top 5 economies of the world.”

This achievement is a testament to the robust economic policies and reforms implemented by the Modi Government. The surge in market cap is indicative of the increased investor confidence and strong fundamentals of the Indian economy.

Furthermore, Goyal highlighted the growth of Public Sector Undertakings (PSUs) listed in the market. “We know that the market cap of PSUs listed in the market has increased 4 times under the Modi Govt,” he added.

This growth in the market cap of PSUs signifies the successful efforts of the government in improving the performance and efficiency of these enterprises. It also reflects the increased investor interest in PSUs due to their improved financial health and strong growth prospects.

The crossing of the $5 trillion mark in market cap is a significant achievement for the Indian economy. It underscores the strength and resilience of the Indian market, even in the face of global economic uncertainties. As India continues on its path of economic growth, it is poised to achieve even greater milestones in the future.

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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