India has achieved an impressive feat by ranking fourth in the world in terms of market capitalization, which stands at $5.6 trillion, despite having a per-capita income of around $3,000.

The Managing Director and CEO of the National Stock Exchange (NSE), Ashishkumar Chauhan, highlighted the significance of this achievement, particularly considering that countries with similar income levels usually face challenges in developing strong financial markets. Chauhan also pointed out that the Indian equity market has undergone significant changes in the past decade, especially after policy reforms in 2014.

Over the last five years, the market capitalization has more than doubled from $2.8 trillion to approximately $4.68 trillion, propelling India from the seventh to the fourth position in global market rankings. This growth demonstrates the resilience and potential of India's financial landscape.