The recent months have seen a sharp decline in India’s share in global market capitalization (MCAP) amidst the continuous poor performance of the country’s stock market. In the end of July last year, India’s stake was at its all -time high of 4.64 per cent, which has now fallen to 3.63 per cent. This is an 18 -month low.
India stakes 4.18 per cent in the late December 2024 and was 4.52 per cent in the end of September last year. The benchmark index was then at the top. The joint market capitalization of all the firms listed in BSE on Friday was about 4,612.9 billion, which is 10.6 per cent less than $ 5,162.2 billion at the end of 2024 and below the highest level of $ 5,660.4 billion in the end of September 2024. Since the end of September 2024, a joint ass of all listed companies in the country has fallen by about $ 1,050 billion. This amount is about 27 per cent of India’s current GDP during FY 25 – $ 3,836 billion – about $ 27 per cent. In comparison, the global equity ass continues to increase and it is now at an all -time high of $ 127.08 million million, which is 2.8 per cent higher than $ 126.85 million crore, which was at the end of December 2024. It was $ 125.3 lakh million at the end of September 2024.
The US market has led the increase in world market capitalization. It is followed by the markets of China and Hong Kong. The US equity market’s MCAP increased by 15.4 per cent to $ 63.82 million in 2025 to $ 63.82 million in the end of December 2024. Capitalization of the Chinese stock market increased by 12.5 per cent to $ 10.2 lakh crore while Hong Kong’s MCAP increased by 17.6 per cent to $ 5.6 million. The market capitalization of Japan in the five leading markets fell by $ 6.7 lakh crore to $ 6.5 million in the end of December 2024.
Despite the recent decline, India’s share in the world market capitalization is still higher than its share in global GDP. India’s stake in global GDP at current prices in FY 25 is expected to be 3.5 per cent and this is the highest figure so far and its stake in the end of FY 24 was 3.4 per cent and 3.1 per cent before the epidemic in FY 19. Was. According to data from the National Statistics Organization (NSO), India’s GDP is expected to rise by 7.5 per cent to $ 3,836 billion in FY 25 at the current price of US $, which was $ 3,568 billion a year ago.
In comparison, the global GDP on current prices is estimated to increase by 4.1 per cent to about 110.06 million million dollars in 2024, which was about 105.7 million million dollars in the calendar year 23. Historically, India’s market capitalization has increased as well as an increase in the country’s GDP. But the country’s share in the global mCap has often been less than its share in world GDP at current prices. Whenever India’s MCAP part was more than the GDP share in the past, there was a decline. This was seen in the years 2012 and 2013 and still looks like it. This indicates further decline in the Indian stock market.
First Published – February 16, 2025 | 10:49 pm IST