Business

Indian stock market will be 5 trillion dollars by 2024, will become the fifth largest stock market in the world

Indian stock market will be 5 trillion dollars by 2024, will become the fifth largest stock market in the world

According to a report by Goldman Sachs, at present around 67 startups in the country fall under the category of unicorns. Of these, 27 startups have joined the list of unicorns only this year.

Currently the size of the stock market is $3.5 trillion.

The sentiment of the Indian stock market is strong. Due to this, foreign investors are investing in a big way, which is supporting the market. Recently, the Indian stock market has overtaken France to become the sixth largest market in the world. It is currently valued at $3.5 trillion. According to the latest Goldman Sachs report, the size of the Indian stock market will cross $ 5 trillion in the next three years and it will become the fifth largest stock market in the world.

According to the Goldman Sachs report, Indian startups are growing rapidly. In the coming days, their size will become very big. So far in 2021, Indian startups have raised funds of more than $ 10 billion i.e. 75 thousand crores through IPO. It is believed that the IPO market will remain hot like this for the next two years. At least 150 companies are expected to be listed in the market in the coming 36 months. The total market cap of these companies will be close to $ 400 billion. Obviously, this will lead to a huge jump in the total market cap of BSE.

The stock market currently worth $3.5 trillion

Currently, the total value of the Indian stock market is $3.5 trillion. After 150 companies are listed in the next three years, the total market cap will increase to $5 trillion by 2024. Currently the UK is at number five. Whose market cap is a little more than India’s $ 3.6 trillion.

These startups are coming IPO

Talking about startups IPO, this year the biggest name is Zomato. This IPO got amazing success. In the coming days, preparations are going on for the IPO of companies like Paytm, Oyo, Ola, Flipkart.

800 million internet users big power

It has been said in this report that in the coming days, there will be a boom in e-commerce, internet, internet retail and media business. At present there are 800 million internet users in the country and more than 500 million smartphone users. In the coming days, the number of smartphone users will increase very fast, due to which the number of internet users will also increase. Apart from this, internet is also very cheap in India. The Corona Crisis has increased the demand for the online ecosystem and everything has gone online.

27 Startups Become Unicorns This Year

In the Corona Crisis, there has been a huge jump in the number of unicorns in India. Unicorns are called startups whose market cap is more than $1 billion. According to the Sachs report, at present, about 67 startups in the country fall under the category of unicorns. Of these, 27 startups have joined the list of unicorns only this year. Most of these companies are focusing on the digital economy.

Also read, PM Narendra Modi will launch National Health Mission on September 27, unique health card will be made like Aadhaar, this will be beneficial

Also read, Foreign investors have increased confidence in India in Corona Crisis, more than doubled investment

.

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0
Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

You may also like

Comments are closed.

More in:Business