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M-cap rankings: India closes gap with Canada, Germany

India emerged as the best-performing major market globally in 2017

Samie Modak 

Photo: Shutterstock
Photo: Shutterstock

India emerged as the best-performing major market globally in 2017. The (m-cap) of all domestically listed firms has risen 30% (in terms) so far this year. Second-biggest growth in has been reported by France at 20.7%. 

India, ninth in global rankings, is closing gap with and ranked seventh, while came eighth. At $2.02 trillion, India’s is just 4.2% less than Canada’s ($2.11 trillion) and 7.5% less than ($2.19 trillion). 

According to analysts, factors such as new listings, a 5% appreciation in the against the and a broad-based rally, with even small- and mid-cap indices scaling record highs, have led to a rise in India’s market value. 

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First Published: Thu, July 13 2017. 00:11 IST
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