India's m-cap declines 2.5%, only top-15 nation to see erosion in April

Only market among top 15 to see a fall; world m-cap has risen 4.2% in April

India is the only nation in the top-15 to see an erosion in its market capitalisation this month. Record daily coronavirus infections, poor healthcare infrastructure, and stringent restrictions across the country on movement of people prompted investors to prune their bullish bets on the country.

As on Friday, India’s market capitalisation had declined 2.5 per cent for the month to $2.67 trillion, even as world market capitalisation rose 4.2 per cent to a new record of $112 trillion. Monday’s fall has further dented India’s market cap by about $50 billion.

Countries such as the USA, France, Sweden, and Germany have seen their