Indian stock exchange has seen massive growth in 2023 and expected to keep going this year too. India’s BSE and NSE are now listed in top 10 stock exchanges in the world.
BSE was established by a cotton merchant named Premchand Roychand in 1875 now ranks 8th largest stock exchange in the world.
India’s GDP is expected to grow by 7.6% this year which makes it the fastest growing economy in the world. India currently has the highest number of middle class which are contributing significantly in India’s growth. Local investors are dominating the small and mid cap category.
On 07 Feb 2024 Sensex closed at 72152.00. Analysts belives that political stability is the major reason that India’s stocks are seeing a tremendous growth in last few years.
Ruling Bhartiya Janta Party (BJP) is expected to return to power in upcoming Lok Sabha elections 2024 with majority so it is believed that India’s stock exchange will see more growth in next few years.
High returns makes India favourite market in the world today to invest. Government also is taking steps to invite the world to invest in India.
Government is working hard to attract FDI and pushing for overall growth. Railways, roads or defence manufacturing, every sector is transforming at a significant rate. India’s health sector also has grown at a significant pace in last two years.
World is positive on India’s stocks growth this year too. As per analysts, India’s stock exchange will move higher in ranking amongst world’s largest exchanges in coming years.