India’s stock market has overtaken France and regained its position as the world’s fifth-largest stock market, with a market capitalisation of $3.3tn. This came about thanks to the recovery of Adani Group stocks after a major upheaval earlier this year, combined with international funds fleeing the sluggish Chinese investments market and scouting growth opportunities in India. The S&P BSE Sensex Index is now nearing record highs after a 9% bounce back following a brief dip into correction territory in March.
India’s rich pivot to real estate after stock returns falter
Investors in India are increasing their allocations towards high-yielding assets in real estate and logistics. Recent data shows a significant rise in investments through Alternative