Indian Capital Markets Surge Amid Global Instability

The Economic Survey 2023-24 highlights the remarkable performance of India's capital markets, driven by technology, innovation, and digitization, despite global geopolitical and economic shocks. Key indices like Sensex and Nifty 50 posted significant gains, and the market capitalisation to GDP ratio improved substantially. The survey also notes robust retail investor participation and an uptrend in IPO activities.

The Economic Survey 2023-24 tabled in Parliament has showcased a stellar performance of India's capital markets. Despite global geopolitical and economic shocks, the market has flourished, primarily due to technology, innovation, and digitization.

Key indices such as the BSE Sensex and NSE Nifty 50 recorded impressive gains in FY24. The Nifty 50 index surged by 26.8 per cent, while the Sensex soared around 25 per cent during the same period.

In the international context, India's markets outperformed many other emerging markets, attributing this success to its resilience to external shocks and a robust domestic macroeconomic outlook. The market capitalisation to GDP ratio also saw a significant leap, reaching 124 per cent in FY24 from 77 per cent in FY19.