Team Blitz India
NEW DELHI: India’s market cap is currently the fifth largest globally ($4.5 trillion) and is likely to hit $10 trillion by 2030, according to a report titled ‘Recap 2024. Crystal Gaze 2025’ by financial conglomerate Pantomath Group.
The US ($44.7 trillion), China ($9.8 trillion), Japan ($6 trillion) and Hong Kong ($4.8 trillion) are currently ahead of India in the market cap race. India is expected to become the third-largest economy by 2027, and the market cap will hit $10 trillion by 2030, the report added.
In FY2024, the Indian equity market witnessed a phenomenal performance as benchmark indices soared to unprecedented all-time highs, with the Nifty and Sensex scaling milestones of 22,526.60 and 74,245.17 mark respectively.
Indian equity emerged as one of the best-performing markets in the last four years. Indian Market ended time-wise correction in March 2023 last year and then started to rally & continued its strong momentum till now.
