India's stock market surpasses Hong Kong for first time to become fourth-largest equity market globally

India's stock market has surpassed that of Hong Kong for the first time, to become the fourth-largest equity market globally. According to data compiled by Bloomberg, the combined value of shares listed on Indian exchanges reached 4.33 trillion Dollars, versus 4.29 trillion Dollars for Hong Kong. The report said that India has positioned itself as an alternative to China, attracting fresh capital from global investors and companies alike, thanks to its stable political setup and a consu...