India’s stock market capitalization is currently the fifth largest globally at $4.5 trillion, according to a report titled ‘Recap 2024. Crystal Gaze 2025’ by financial conglomerate Pantomath Group. The report predicts that India’s market cap is likely to hit $10 trillion by 2030, driven by strong economic growth and favorable government policies. This would make India the third-largest economy in the world by 2027.Current Global Market Cap Rankings
As of 2024, the top five countries by market capitalization are:United States: $44.7 trillionChina: $9.8 trillionJapan: $6 trillionHong Kong: $4.8 trillionIndia: $4.5 trillionIndia’s Equity Market Performance in FY2024Indore Stock
In the fiscal year 2023-24, the Indian equity market witnessed a phenomenal performance, with benchmark indices soaring to unprecedented all-time highs:Nifty: Scaled a milestone of 22,526.60Sensex: Reached a peak of 74,245.17NSE Midcap 100: Advanced around 60.06%NSE Smallcap 250: Advanced around 63.07%Jaipur Investment
India emerged as one of the best-performing markets in the last four years, ending a time-wise correction in March 2023 and continuing its strong momentum.Factors Driving Market GrowthAhmedabad Wealth Management
Several factors are expected to contribute to India’s market cap growth:Strong corporate earnings: Indian companies are expected to continue strong performance, driven by a robust domestic demand environment, positive macroeconomic factors, and private capex revival.Sector-specific growth: Sectors like Auto and Auto Ancillary, Cements, Defence, Railways, Consumer Durables, Energy, Logistics, FMCG, Capital Goods and Engineering, Infrastructure, Construction, Banking, and Financials are expected to outperform in the rally ahead.Impact of Lok Sabha Elections and RBI Interest Rate CutNew Delhi Investment
The report suggests that the focus in FY2025 will be on the Lok Sabha elections, with the expectation that the ruling government will retain power and continue its economic reforms and policiesChennai Investment. This outcome would instill confidence in both domestic and global investors, encouraging long-term investments in the Indian equity markets.Emerging Industries Poised for Investment-Led Growth
The report identifies several emerging industries that are poised for investment-led growth in 2024:Battery energy storage solutionsGreen hydrogenBiotechnologyAVGC (animation, visual effects, gaming, comics)Semiconductor chip manufacturing, assembly, and design
These industries have been on a hot streak in 2024, as foreign direct investment (FDI) policies have relaxed in recent years, and production-linked incentive (PLI) schemes have promoted industry-wise capacity building.
Kolkata Wealth Management