India could surpass the UK as the world’s 5th largest stock market by 2024, Goldman says

Investors have been pouring money into India’s stock market, and it may grow to more than $5 trillion to become the fifth largest in the world within 3 years, according to Goldman Sachs.

Indian start-ups have raised $10 billion through IPOs so far this year – more money than was raised in the last three years, the investment bank said in a report dated Sept. 19.

Looking forward, we think Indian equity indices could see a larger representation of the new-economy sectors over the next 2-3 years as the large digital IPOs get included in the index.

-Goldman Sachs

Written by Alex

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