India overtakes Hong Kong as world’s fourth-largest stock market

India has surpassed Hong Kong to become the fourth largest stock exchange in the world, and the total value of stocks traded on the Indian stock exchange has reached $4.33 trillion. It closed on Monday.

India's market overtakes Hong Kong for first time in a century; This is a great achievement for the South Asian country, which has brought out people's business interests through its growth and policy reforms.

As of Monday's closing, it was reported that the total value of stocks traded on the Indian stock exchange reached 4.33 trillion US dollars, and the total value of stocks traded in Hong Kong Exchanges and Clearing Limited was 4.29 US dollars. trillion, according to data compiled by Bloomberg. This makes India the fourth largest economy in the world.

The value of the stock exceeded $4 trillion for the first time on December 5; this was about half of what was achieved four years ago.

The Indian market is growing due to the growth of the retail market and the company's profits. The world's most populous country has become an international destination for international businessmen. The rise in Indian stocks coincided with the historic decline in Hong Kong.

The rise in the stock market is due to the increased interest in stock investments.