 "India's market crosses Rs 200 trn m-cap, is seventh most valuable globally")
India’s market capitalisation—sum of market value of all listed companies—crossed Rs 200 trillion for the first time on Thursday. The feat comes a day after the Sensex closed above the coveted 50,000-mark. In US dollar terms, India’s market cap is $2.75 trillion—seventh most globally. However, India’s market cap-to-GDP ratio is now more than 100 per cent.
India’s nominal GDP at current prices is around Rs 195 trillion. India’s market cap had topped the Rs 100 trillion-mark in December 2014. Back then the market cap-to-GDP ratio was at 80 per cent. In September 2007, when market cap first crossed Rs 50 trillion, the mcap-to-GDP ratio was similar to current levels. At the peak of coronavirus-induced selloff in March 2020, India’s market cap had plunged to Rs 102 trillion.
India’s nominal GDP at current prices is around Rs 195 trillion. India’s market cap had topped the Rs 100 trillion-mark in December 2014. Back then the market cap-to-GDP ratio was at 80 per cent. In September 2007, when market cap first crossed Rs 50 trillion, the mcap-to-GDP ratio was similar to current levels. At the peak of coronavirus-induced selloff in March 2020, India’s market cap had plunged to Rs 102 trillion.
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