India Ranks 3rd Globally in Market Cap Growth; Adds $806 Billion in Value

India’s domestic market capitalisation surged 18.4% to $5.18 trillion in 2024, adding $806 billion in value, making it the third-best performer globally among the top 15 major markets.

US Leads Global Gains, Big Tech Drives Growth

The United States, the world’s largest equity market, saw a remarkable 25.6% increase in market capitalisation, amounting to a $12.9 trillion gain, bringing its total to $63.3 trillion.

According to reports 93.6% of the global market cap gain of $13.8 trillion, which rose 12.4% to $125 trillion during the year. The surge was primarily driven by big tech firms like Apple, Nvidia, Meta, and Tesla, which continued to dominate valuations.

Taiwan followed the US with a 21.2% increase in market cap, ranking second globally in growth percentage. Meanwhile, China and Hong Kong benefited from a sharp rebound off lows, ending the year with market cap gains of 6.6% and 17.8%, respectively.

Despite these gains, China’s performance marked its fifth consecutive month of market cap contraction.

Mixed Performance Across Global Markets

Globally, market cap performances were diverse. While India stood out with strong growth, other major markets faced challenges:

• Japan: The third-largest equity market, valued at $6.28 trillion, recorded a 2.89% decline.
• Hong Kong: Ranked fourth globally with a market cap of $5.57 trillion, achieved a 4.13% increase.
• South Korea and France: Both markets experienced significant erosions, losing over $340 billion each due to political instability.

Other notable declines included Canada (-5.56%), the United Kingdom (-2.84%), Germany (-1.22%), Switzerland (-4.02%), Australia (-6.6%), and South Korea (-4.8%). Despite these setbacks, India’s strong performance reinforced its position as a bright spot in a largely subdued global market environment.

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