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Indian stock market overtake UK to become 5th largest Economy | Top 10 Stock exchanges in world

india become 5th largest economy

List of Countries by Market Cap

Below is the list of Top 7 countries with their Market caps in stock market.

1.    United States of America  –  ($51.3 Trillion)

2.    China                                 –  ($12.4 Trillion)

3.    Japan                                –  ($7.43 Trillion)

4.    Hong Kong                         –  ($6.5 Trillion)

5.    U.K                                     –  ($3.59 Trillion)

6.    India                                   –  ($3.46 Trillion)

7.    France                                –  ($3.40 Trillion)

India Become 6th largest economy after overtook France, And will surpass UK

In September 2021 India has crossed France to become 6thlargest economy in the world. As per Goldman Sachs prediction India will surpass UK in 2021 and will become 5th largest economy at the end of the year.

India’s market capitalization has surged 37% this year to $3.46 trillion, according to an index compiled by Bloomberg, While UK has seen an increase of about 9% and reached to $3.59 trillion.

As India has a huge startup listing this year and better domestic investment scenario, It could surpass UK in coming months. India’s immature economy attracts foreign investors more, Because of its huge upside potential.

India might soon expand its market value by $400 billion, with Indian start-ups generating $10 billion through IPOs so far in 2021 and 150 private companies lining up to list on the country’s stock exchange. The difference between UK and India is less and it could easily covered by listing of new startups.

The Indian insurance business Life Insurance Corp (LIC) is planning an initial public offering (IPO) next year with a valuation of more than $250 billion, making it the country’s largest IPO till date.

The mapping firm, which provides data to Apple Maps and Amazon’s Alexa, is looking for a $825 million IPO price.

Food delivery company Zomato has been launched its IPO, payments App Paytm, ride-hailing startup Ola, and e-commerce site Flipkart are among the prominent names already on the list.

India’s share-market capitalization is expected to rise to $5 trillion by 2024, according to Goldman Sachs Group Inc. Nearly $400 billion of market value could be added from new IPOs over the next 2-3 years.

Top 10 Stock Exchanges by Market Cap

stock exchanges- largest economy

1.      US, New York Stock Exchange (NYSE) –  ($25.6 Trillion)         NYSE is the top stock exchange in the world. Established in 1792. The NYSE’s benchmark index is the Dow Jones Industrial Average (DJIA), a 30-stock price-weighted index of 30 prominent stocks.

2.      US, National Association of Securities Dealers Automated Quotations (NASDAQ)– ($22.5 Trillion)  NASDAQ is the world’s first electronically traded stock market, Listing more than 3000 companies.

3.       China, Shanghai Stock Exchange (SSE)– ($7.6 Trillion)    The largest stock market in Asia  is SSE, It was established in 1990. The SSE’s benchmark index is the SSE Composite, comprising all stocks on the exchange.

4.       Hong Kong, Hong Kong Stock Exchange (HKEX)– ($6.63 Trillion)    HKEX established in 1891, it has 2538 companies listed on it. Its benchmark index is the Hang Seng Index.

5.       Pan-Europe, European New Exchange Technology (EURONEXT)– ($6.52 Trillion)    Euronext operates exchanges in Amsterdam, London, Paris, Lisbon, Brussels, Dublin, Milan, and Oslo. Euronext’s offerings include equity as well as derivatives, with products such as stocks, ETFs, bonds, forex trading, options and futures, etc.

6.       Japan, Tokyo Stock Exchange (TSE)– ($6.4 Trillion)   The TSE was established in 1878 and lists 3700 companies in it. Its two main indexes are the Tokyo Price Index (TOPIX) and the Nikkei 225.

7.       China, Shenzhen Stock Exchange (SZSE)– ($5.7 Trillion)    Established in 1990, the SZSE is the seventh on this list, Around 1900 companies are listed on it, with the majority of them based in China.

8.       UK, London Stock Exchange (LSE)– ($3.59 Trillion)    Among the oldest established stock exchanges in the world (est. 1801), the LSE has more than 3000 listed companies. Its benchmark index is the Financial Times and London Stock Exchange (FTSE) 100 index. Other indexes include the FTSE 250, the FTSE 350, and the FTSE All-Share index.

9.       India, Bombay Stock Exchange (BSE)/ National Stock Exchange (NSE)–  ($3.46 Trillion)   NSE stablished in 1992, It has over 1950 companies listed on it. Its benchmark index is the NIFTY 50, comprising the top 50 stocks on the exchange.  BSE established in 1875, the BSE is Asia’s first stock market. It lists around 5000 companies on it. Its benchmark Sensex index consists of 30 established stocks.

10.   Canada, Toronto Stock Exchange (TSX)– ($3.1 Trillion)    It established  in 1861, the TSX is a wholly-owned subsidiary of financial services company TMX Group. The TSX has 2231 listed companies in it.


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