India's stock market is close to overtaking Britain in terms of market value, may be included in Top-5
According to Bloomberg, India's market cap has grown by 37% to $3.46 trillion this year. At the same time, Britain's market cap has increased by 9% this year to $3.59 trillion.
Mumbai. India's equity market has come close to overtaking the UK in terms of market value. Soon the Indian stock market can be included in the club with the top-5 market value of the world. Record low-interest rates and retail investments are playing an important role in taking India's stock market to record highs.
According to Bloomberg, India's market cap has grown by 37% to $3.46 trillion this year. At the same time, Britain's market cap has increased by 9% this year to $3.59 trillion. If we look at the secondary listings and depositary receipts, then this figure is very important.
India is ahead of Britain in many ways
When comparing the market of India and the UK, India is looking ahead in many ways. Due to India's high growth potential and active technology sector, startups are growing rapidly in the country. The market is benefiting from this. This is also important because at present there has been a big reduction in investment from China. At the same time, for Britain, the matter related to Brexit is affecting the market.
New Power Giving Startups
According to the report of Goldman Sachs, Indian startups are developing rapidly. In the coming days, their size will become very big. So far in 2021, Indian startups have raised funds of more than $ 10 billion i.e. 75 thousand crores through IPO.
It is believed that the IPO market will remain hot like this for the next two years. At least 150 companies are expected to be listed in the market in the coming 36 months. The total market cap of these companies will be close to $ 400 billion. Obviously, this will lead to a huge jump in the total market cap of BSE.
According to a Goldman Sachs report, the total value of the Indian stock market is currently around $3.5 trillion, estimated at a $5 trillion market cap by 2024. After 150 companies are listed in the next three years, the total market cap will increase to $5 trillion by 2024. Currently, the UK is at number five. Whose market cap is a little more than India's $ 3.6 trillion. And it is expected that India will soon leave Britain behind and come to fifth place.
These startups are about to come to IPO
Startups Talking about IPO, in the coming days, preparations are going on for the IPO of companies like Paytm, Oyo, Ola, Flipkart.