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India's stock market success looks set to continue
by Alex Rankine
MoneyWeek Translate This Article
15 January 2024
On 15 January 2024 MoneyWeek reported:
India has been the world's fastest-growing major economy for two years running. With the West dogged by talk of recession and China flagging, 'India has emerged as a much-needed global good news story', says Craig Mellow in Barron's. The local BSE Sensex stock index rose by 18.5 per cent in 2023 and has more than doubled since the pandemic-era lows of 2020. ...The 'sizzling rally' recently saw the National Stock Exchange of India, one of the country's two exchanges, surpass Hong Kong as the world's seventh-largest, says Diksha Madhok for CNN. By total value, Indian stocks already rank fourth globally, behind the US, China, and Japan.
Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.
The stock surge has been accompanied by a listings boom. Indian markets hosted 150 listings in the first nine months of 2023, compared with just 42 in Hong Kong.
To read the entire article click here
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