In a landmark achievement, India’s market capitalization has surpassed the $5 trillion mark, as announced by BJP leader Piyush Goyal. This milestone, reached for the first time in the last decade under the Modi Government, catapults India’s equity market into the league of the top 5 global economies in terms of market cap.
Goyal stated, “In the last 10 years of Modi Govt, for the first time our market cap has crossed over 5 trillion dollars. Today, India’s equity market has entered the market cap of the top 5 economies of the world.”
This accomplishment is a reflection of the strong economic strategies and reforms brought about by the Modi Government. The rise in market cap is a clear indicator of the growing investor confidence and the solid fundamentals of the Indian economy.
Goyal also shed light on the growth of Public Sector Undertakings (PSUs) listed in the market. He said, “We know that the market cap of PSUs listed in the market has increased 4 times under the Modi Govt.”
The increase in the market cap of PSUs is a testament to the government’s successful efforts in enhancing the performance and efficiency of these enterprises. It also indicates the growing investor interest in PSUs, given their improved financial health and promising growth prospects.
The crossing of the $5 trillion mark in market cap is a significant milestone for the Indian economy. It highlights the strength and resilience of the Indian market amidst global economic uncertainties. As India continues its journey of economic growth, it is set to reach even greater heights in the future.
