New Delhi

Following the establishment of the new government, Indian stock markets have been hitting record highs virtually every day, and they are also exceeding international benchmarks. India has achieved a significant milestone by reclaiming Hong Kong’s ranking as the fourth-largest global equity market.
The market capitalization of the nation’s BSE-listed corporations increased by 10% to $5.2 trillion. Hong Kong’s equities market capitalization, on the other hand, is $5.17 trillion, a 5.4% decrease from its peak of $5.47 trillion this year.
Hong Kong trades at one price-to-book ratio, but India trades at three.
This occurs as a result of the recent notable surge in the Indian stock market, which is drawing in foreign capital and is expected to continue doing so in the near future.

The benchmark Nifty of the National Stock Exchange (NSE) increased by about 6% in the previous month and by 11.84% during the previous six months. Market gurus predict that in the upcoming year, the Nifty will reach 25,816.
Experts at Prabhudas Lilladher predict that the NDA government, led by the Bharatiya Janata Party (BJP), will continue to emphasize growth driven by capital expenditures, especially in areas like production-linked incentives (PLI) and infrastructure development, which includes building roads, ports, airports, railways, aviation, and green energy.
This optimism is reinforced by normal monsoon estimates, a 20 basis point reduction in the fiscal deficit for FY24, and an expected Rs 2.1 trillion dividend from the RBI.