India has overtaken Hong Kong to become the world's fourth-largest stock market by market capitalization, reaching $4.33 trillion. The United States leads the global market with a massive $50.86 trillion, followed by China and Japan.
The achievement highlights India's growing economic prowess, with its market capitalization now standing among the top global players. Analysts predict that anticipated global central bank rate cuts in 2024 may boost investor confidence, further fueling the Indian market rally.