It was 147.5 per cent on Tuesday, 56 per cent higher than the 10-year average of 94 per cent.
The current ratio is slightly lower than the all-time high ratio of 154 per cent at the end of September this year. It is the highest on record after December 2007 and September.
The combined market capitalisation of all BSE companies is up around 24 per cent in the past 12 months compared to 9.5 per cent year-on-year growth in India's annual GDP at current prices, also called nominal GDP.
For comparison, the ratio was 126.4 per cent at the end of December last year and 107.2 per cent at the end of the same month in 2022.
It had declined to an 11-year low of 56.5 per cent when the pandemic came in March 2020.
At its peak in September this year, the BSE companies' combined market capitalisation reached ₹474.4 trillion. India's nominal GDP grew to ₹307.9 trillion (around $3,650 billion) during the year-ended September 2024 (Q2FY25) from ₹281.2 trillion (around $3,500 billion) during the year ended September last year.
This story is from the December 04, 2024 edition of Business Standard.
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This story is from the December 04, 2024 edition of Business Standard.
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