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Key Points

NSE CEO Ashish Chauhan revealed India's equity market cap has grown sixfold in 11 years, reaching Rs 440 lakh crore. He noted India now ranks as the world's fourth-largest equity market, trailing only the US, China, and Japan. The market cap-to-GDP ratio more than doubled from 60% to 124% in a decade, reflecting strong economic fundamentals. Chauhan projected India will become the fourth-largest economy by 2025, fueled by domestic consumption and digital infrastructure.

Key Points: NSE Chief Chauhan Reveals Sixfold Market Cap Growth in 11 Years

  • NSE-listed firms' market cap rose sixfold since 2013
  • India now 4th largest equity market globally
  • Market cap-to-GDP ratio doubled in a decade
  • Economy set to overtake Japan by 2025
2 min read

Market Cap of NSE-Listed companies increased sixfold in 11 years: NSE Chief

NSE CEO Ashish Chauhan highlights India's equity market surge, now 4th largest globally, with Rs 440 lakh crore market cap.

"India's equity capital markets have mirrored the strength and growth of the broader economy – Ashish Kumar Chauhan"

New Delhi, May 22

The market capitalization of companies listed on the National Stock Exchange (NSE) has grown nearly six times in the past 11 years, said Ashish Kumar Chauhan, MD and CEO of NSE.

He was speaking at the 16th Capital Market Conference organised by the industry body ASSOCHAM in New Delhi.

Chauhan also pointed out that as of today, India has the fourth-largest equity market in the world, after the United States, China (including Hong Kong), and Japan.

He said, "India's equity capital markets have mirrored the strength and growth of the broader economy, reflecting the country's evolving economic landscape.... The market capitalization of NSE-listed companies has increased nearly sixfold in 11 years."

Chauhan also highlighted that since the NSE began operations in 1994, India's market capitalisation has grown over 120 times. Currently, the market capitalisation stands at around Rs 440 lakh crore, which is approximately USD 5.1 trillion.

Giving more details, Chauhan said the market capitalisation to GDP ratio has more than doubled in the last decade. It has grown from 60 per cent in FY14 to 124 per cent in FY25. This growth is significant, especially considering that no other country with a per capita income between USD 2,500 and USD 20,000 has a market size as large as India's.

He added that the market capitalisation of Indian equities is now nearly 1.6 times bigger than the size of the banking sector. This shows that capital markets are playing a bigger role in supporting the country's economic growth.

Chauhan also spoke about India's rising position in the global economy. He said India is expected to become the world's fourth-largest economy in 2025, overtaking Japan. At the start of this century, India was ranked 13th.

According to the International Monetary Fund (IMF), India is likely to cross USD 5 trillion by 2027 and become the third-largest economy by 2028. Chauhan said this growth is structural and not temporary.

It is driven by strong domestic consumption, formalisation of the economy, a wide digital public infrastructure, and a young population with a median age of just 28 years.

He also mentioned that India has already signed a trade agreement with the United Kingdom and is working on similar deals with other countries, including the United States.

- ANI

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Reader Comments

R
Rajesh K.
This is fantastic news! India's economic growth story is truly inspiring. The stock market growth shows how much confidence investors have in our country's future. Just imagine where we'll be in another decade! 🇮🇳
P
Priya M.
While the numbers look impressive, I wonder how much of this growth is actually benefiting the common man. Stock markets booming is good, but we need to ensure this wealth trickles down to all sections of society.
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Amit S.
The digital infrastructure push has been a game changer! UPI, Aadhaar, and other initiatives have made investing so much easier for middle-class Indians like me. Started with small SIPs 5 years back and already seeing good returns. 💹
S
Sunita R.
We must be cautious though - such rapid growth can lead to bubbles. Remember what happened in 2008? Regulators need to keep strict watch to protect small investors. Still, proud of how far we've come!
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Vikram J.
The young population factor is crucial! With median age at 28, we have decades of productive workforce ahead. No wonder FIIs are bullish on India. But we need more financial literacy programs to help everyone participate in this growth story.
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Neha P.
Interesting that our market cap is now bigger than banking sector. Shows how capital markets are becoming the preferred route for funding growth. Hope this reduces our traditional over-dependence on bank loans for businesses.

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