Key Highlights

• Listed firms added roughly $1 trillion in m‑cap since March, reaching ~$5.33 trillion—top gainers globally.
• India saw over 21% rally, outperforming all top‑10 equity markets in percentage terms.

India's stock market is making headlines again, but this time for all the right reasons. Since March 2025, India's market capitalization has increased by nearly $1 trillion, bringing the total m-cap of its listed companies to a staggering $5.33 trillion. After a five-month correction from October 2024 to February 2025, there was a robust and long-lasting rally that preceded this enormous surge.

Both in percentage terms and absolute terms, this increase is remarkable. Among the top ten equity markets in the world, India's market capitalization has increased the fastest, by more than 21% in a matter of months.

A Global Standout

On the international scene, India has come out on top. India's equity rally is notable for its size and speed, even though the stock markets in many major economies are growing modestly. The nation's stock market is now firmly established as the fifth largest in the world, behind only Hong Kong, China, Japan, and the United States.

The significance of this performance is increased by the context. Indian markets saw a robust recovery following a protracted period of correction that made investors wary. This recovery was driven by stable macroeconomic indicators, robust corporate earnings, and domestic optimism.

Also Read: Global Crisis Looms: World Bank's Alarming Predictions for India and China

How did other markets perform?

Germany came in second with a nearly 14% increase in market capitalization over the same time period, trailing only India's impressive 21% gain. Hong Kong saw a gain of over 9%, while Canada followed with an 11% increase.

More modest gains of roughly 8% each were seen in other major markets, including the UK and Japan, suggesting a slower rate of recovery and perhaps lingering worries about policy tightening and inflation.

The largest equity market in the world, the United States, saw a 2.4% increase, in comparison.With a 2.7% increase, China, the second-largest, did marginally better.

Taiwan and France, with increases of 3.2% and 3.9%, respectively, continued to occupy the bottom spots in the global rankings.