India Stock Market Surpasses Hong Kong to Become 4th Largest Globally on Robust Foreign Investment
• India's stock market overtakes Hong Kong's to become 4th largest globally, reaching $4.33 trillion market cap • Overseas funds poured over $21 billion into Indian shares in 2023 as growth prospects attract investors • India positioned as alternative to China with stable politics and fast-growing consumption economy • Hong Kong market slumped amid China's COVID curbs, regulatory crackdowns, property crisis • Global pension and sovereign wealth managers favoring India over China in recent study