India Surpasses Hong Kong, Becomes World's 7th Largest Stock Market

India's stock market has surpassed Hong Kong to become the seventh largest in the world, with a total market capitalization of $3.989 trillion. The Nifty 50 index in India has reached a record high and is on track for its eighth consecutive year of gains, while Hong Kong's Hang Seng index has experienced an 18% decline this year. Factors such as increased liquidity, domestic participation, and favorable global macro dynamics have contributed to India's strong performance. Analysts predict that the upcoming general elections in India could further boost the market, particularly for sectors such as banks, healthcare, and energy. In contrast, Hong Kong's economy is expected to grow at a slower pace due to geopolitical tensions and tight financial conditions.