According to Bloomberg data, the combined value of shares listed on Indian exchanges reached a staggering $4.33 trillion, edging past Hong Kong’s $4.29 trillion as of the latest market close.
In 2023, overseas funds poured over $21 billion into Indian shares, contributing to the eighth consecutive year of gains for India’s benchmark S&P BSE Sensex Index. Goldman Sachs Group Inc. strategists, including Guillaume Jaisson and Peter Oppenheimer, emphasized this sentiment, stating, “There is a clear consensus that India is the best long-term investment opportunity” based on results from the firm’s Global Strategy Conference.
“India has all the right ingredients in place to set the growth momentum further.”
AShish gupta , Chief Investment Officer at Axis Mutual Fund
Equities in India have been booming, thanks to a rapidly growing retail investor base and strong corporate earnings. The world’s most populous country has positioned itself as an alternative to China, attracting fresh capital from global investors and companies alike, thanks to its stable political setup and a consumption-driven economy that remains among the fastest-growing of major nations.
