Ahmad 
The Indian Stock Exchange has surpassed the Hong Kong Stock Exchange in terms of market capitalization to become the fourth in the world.
According to Agency France-Presse, the total market capitalization of companies listed on the Indian stock exchange reached $4,300 billion, slightly surpassing Hong Kong’s market capitalization of $4,290 billion.
The shift in the global sequence comes after India’s stock market experienced an exceptional year in 2023, boosted by increased retail investor participation, as well as strong economic growth and increased liquidity in 2023.
The Hong Kong market posted losses for the fourth consecutive year, while managers withdrew billions of dollars on concerns about China’s economic slowdown. Over the past two years, political pressure has also increased on U.S. investors to reduce their dealings with Chinese companies.