Published : 08 June 2023
By Market size India ranks in 5th position with total market capitalization of about $3.31 trillion.
Total Market Cap : $44.54 trillion
Total Market Cap : $10.26 trillion
Total Market Cap : $5.68 trillion
Total Market Cap : $5.14 trillion
Total Market Cap : $3.31 trillion
Foreign institutional investors (FIIs) poured $27,856 crore into Indian stocks in May, the most in the previous 27 months. FPI inflows also increased significantly in May, with net investments in equities reaching 43,838 crore, the highest level in the last nine months.
India's economy is anticipated to grow by nearly 7% for the fiscal year 2023 and by about 5% for the quarter between January and March.
Adani Group increased its market value by nearly $15 billion last week.
Mark Mobius, founder of Mobius Capital Partners and a market expert, also sees India as a viable alternative. Christopher Wood, the strategist at Jefferies Financial Group, increased the weight of Indian stocks in his Asia Pacific portfolio, excluding Japan.