India stock market anticipated to surpass UK and Middle East in market cap

The global investors have been putting money into the Indian stock market, and it is expected to grow out to be over USD 5 trillion and become the fifth largest in the world within the gap of three years. Indian start-ups have been able to raise USD 10 billion via IPOs thus far this year. It is way more than any companies that have raised in the past three years. The pipeline for potential public listings is anticipated to remain strong over the next couple of years. Based on one analysis, as many as 150 private firms are on the verge of getting listed on the stock market over the next 3 years.

The estimate is almost USD 400 billion of the market cap could also be added from new IPOs listings in the next 2-3 years. Analysts have been stating that this drive is anticipated to push India’s aggregate stock market valuation to reach more than USD 5 trillion by the end of 2024. It is highly likely that it is expected to make the South Asian economy to become the fifth largest in the world, overtaking the U.K. and the Middle East.

Most of India’s biggest technology start-ups have announced their plans on going public, which some investors are starting to usher a wave of new beginning for the entire ecosystem. The food delivery giant Zomato became one of the first of many prominent names which got publicly listed this year. Others in the pipeline include payments giant PayTM, e-commerce firm Flipkart and ride-hailing start-up Ola. What the companies are really excited about is that the push and drive is anticipated to start the era as exciting as of the Chinese one over the past decade, when investors began to believe that China is very profitable and successful for investors.