The market capitalization of private listed companies surged 6.4 times, reaching Rs 384 trillion, while Public Sector Undertakings (PSUs) grew five times, to Rs 72 trillion, over the last ten years, says a report by Motilal Oswal.
The report also noted that India has seen impressive growth in market capitalization over the past decade, emerging as one of the world's fastest-growing equity markets. This remarkable growth has been driven by a combination of larger corporate expansion and increased participation from smaller companies and emerging industries.
It said "India has remained one of the fastest-growing equity markets during the past decade".
The report also highlighted that the expansion in India's market has been supported by a growing number of new issuances across various sectors, reflecting a broad-based and resilient growth pattern. Smaller companies and new sectors have made substantial contributions to the country's economic development, helping to create a more balanced and diverse market landscape.
It added "Indian equities will deliver a healthy long-term compounding given the strength of corporate India's balance sheet and prospects of secular profitable growth".
This story is from the November 12, 2024 edition of The Business Guardian.
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This story is from the November 12, 2024 edition of The Business Guardian.
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