India overtook Hong Kong for the first time to become the world's fourth largest stock market

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India becomes the fourth largest market in stock market : India has become the fourth largest stock market in the world. India has made it to the top four for the first time by beating Hong Kong.

The Indian stock market crossed the $4 trillion mark for the first time on December 5

According to Bloomberg data, the combined value of listed stocks on Indian exchanges has reached 4.33 trillion dollars on Monday, while the value of the Hong Kong stock market has fallen to 4.29 trillion dollars. It is worth mentioning that the Indian stock market crossed the four trillion dollar mark for the first time on December 5. About two trillion dollars have been added to India in the last four years. India is the fastest growing large economy in the world. Apart from this, economic reforms have also made India a favorite of investors from around the world. Currently, the US is the world's largest stock market with a value of $50.86 trillion followed by China with $8.44 trillion and Japan at third with $6.36 trillion.

Due to this, India beat Hong Kong

"All things are right for the pace of growth in India to continue," said Ashish Gupta, chief investment officer at Axis Mutual Fund in Mumbai. "The steady rise in Indian stocks and the historic decline in Hong Kong have led India to this point."

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