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Title: India’s stock market: A rising star in the global economy-Shiv Kumar Sehgal

 -Shiv Kumar Sehgal Chief Analyst of LRO Investment Advisor LimitedUnited Kingdom, 18th Dec 2023 - India’s economic growth has been attracting the attention of investors around the world. The country’s stock market has been outperforming its peers, reaching new heights and breaking records. In the last month, the National Stock Exchange of India surpassed the Hong Kong Stock Exchange to become the seventh-largest equity market in the world, with a market capitalisation of nearly $4tn. This is almost double the value it had at the beginning of 2020. The Nifty 50 index, which represents the top 50 Indian companies, also hit an all-time high this week.India’s stock market boom is not a flash in the pan. It is backed by solid economic fundamentals, favourable geopolitical factors and supportive policy measures. India has a strong case for being one of the best investment destinations in the emerging markets. Here are some of the reasons why:India has a huge and growing population. Earlier this year, it overtook China as the world’s most populous country. By the early 2030s, it is expected to have the largest working-age and middle-class population in the world. This will fuel the demand for goods and services, as well as the need for infrastructure and industrial development. India has been the fastest-growing major economy in the world for the past two years, and this trend is likely to continue. Capital Economics forecasts that India’s annual growth rate will exceed 6 per cent in both 2024 and 2025.India is well-positioned to benefit from the shifting global dynamics. As China’s economy slows down and faces trade and political tensions with the west, India emerges as a viable alternative for investors and businesses. Many multinational companies are looking to diver...

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