Dalal Street witnessed a momentous occasion as the combined market capitalisation of all listed companies on the Bombay Stock Exchange (BSE) surged past the Rs 400 lakh crore mark. This achievement marks a significant quadruple expansion within a decade, signaling robust growth in Bharat’s financial landscape.
Taking to social media, Bollywood actor Kangana Ranaut hailed this milestone as a testament to the remarkable progress of the Bharatiya economy under the leadership of Prime Minister Narendra Modi. She emphasized that under the Modi government, the market capitalisation has seen an unprecedented growth from Rs 100 lakh crore in March 2014 to Rs 400 lakh crore in April 2024. Ranaut credited this remarkable surge to the confidence exhibited by both domestic and international investors in India’s economic policies.
For the first time in India’s history, the collective market capitalization of all listed firms on the Bombay Stock Exchange soars to ₹400 lakh crore, marking a remarkable quadruple expansion within a mere decade.
March 2014 (Congress Govt): ₹100 lakh crore
April 2024 (Modi…
— Kangana Ranaut (@KanganaTeam) April 8, 2024
The journey to this historic milestone saw the market capitalisation of BSE-listed companies crossing the Rs 300 lakh crore mark on July 5, 2023. This astonishing increase of Rs 100 lakh crore in just nine months can be attributed to various factors, including the influx of new listings through Initial Public Offerings (IPOs) and a rapid escalation in share prices across sectors.
It’s noteworthy that the initial milestone of Rs 100 lakh crore was achieved back in 2014, and it took until February 2021 to reach the Rs 200 lakh crore mark. However, the subsequent surge to Rs 300 lakh crore in July 2023, and now surpassing Rs 400 lakh crore in April 2024, underscores the accelerated pace of growth in the Indian stock market.
Analysts attribute this phenomenal growth to a combination of factors, including favorable government policies, investor confidence, and a resilient economy. Despite global uncertainties, India has emerged as an attractive investment destination, with its stable economic fundamentals and promising growth prospects.
The surge in market capitalisation reflects not only the buoyancy in the stock market but also the underlying strength of the Indian economy. It signifies growing investor optimism and confidence in India’s ability to navigate challenges and capitalize on opportunities in an increasingly interconnected global landscape.
As India continues to march towards its economic goals, achieving milestones like the Rs 400 lakh crore market capitalisation serves as a testament to the nation’s potential and resilience. With concerted efforts from policymakers, regulators, and market participants, the Indian economy is poised for sustained growth and prosperity in the years to come.
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