India breaks into world's top five club in terms of market capitalisation
- IBEF
- March 14, 2022
For the first time, India's equities market has entered the world's top five in terms of market capitalization. The country's overall market capitalization is US$ 3.21 trillion, more than the United Kingdom's (US$ 3.19 trillion), Saudi Arabia's (US$ 3.18 trillion), and Canada's (US$ 3.18 trillion). Despite a 7.4% reduction in its market capitalization, India has risen two spots this year.
Russia's invasion on Ukraine has thrown the rankings into disarray, with European countries suffering the greatest losses in market capitalization. Germany, which was formerly one of the top five markets, is now ranked ninth. With a market capitalization of US$ 3.7 trillion and US$ 3.5 trillion, respectively, the United Kingdom and France were placed fifth and sixth at the start of the year. Saudi Arabia, meanwhile, has moved up three spots from 10th to 7th position. The country, notably Aramco, looks to benefit from this year's increase in oil prices. The state-owned oil giant's stock has risen 15% year to far, valuing it at about US$ 2.4 trillion, second only to Apple, the world's most valuable business, with a market worth of US$ 2.6 trillion.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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