Question
For the first time India’s equity market is ranked
at ________ in the world in terms of market capitalisation.Solution
India’s equity market has broken into the world’s top five club in terms of market capitalisation for the first time. India’s total market cap stands at $3.21 trillion, which is higher than UK ($3.19 trillion), Saudi Arabia ($3.18 trillion), and Canada ($3.18 trillion). India has climbed two positions, despite a 7.4 per cent drop in its market cap.
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