From The Hindu BusinessLine
Owned by The Hindu Group (Kasturi & Sons)India overtakes Taiwan to become world’s fifth-largest stock market after $640-billion rebound
What's behind this
India has moved past Taiwan to become the world’s fifth‑largest stock market after a $640‑billion rebound, driven by foreign investor buying, stronger corporate earnings and falling crude prices that reversed months of pressure on Indian equities. Speaking at the 31st CII Partnership Summit in Visakhapatnam, Piyush Goyal described India as “an oasis in the desert” of a turbulent global economy. Senior Prime Minister’s Office official PK Mishra said the country’s strong economic growth is drawing more foreign investors back to domestic equity markets.
AI-generated overview from 3 outlets. It summarises their reporting and adds no reporting of its own.
RSS excerpt
Foreign investor buying, stronger corporate earnings and falling crude prices have helped reverse months of pressure on Indian equities