Posted 2/3/2024, 6:00:30 PM
India Surpasses Hong Kong to Become 4th Largest Stock Market, Highlighting Economic Transformation
- India has recently surpassed Hong Kong to become the 4th largest stock market globally, reflecting its embrace of free market policies since its 1991 currency crisis
- India has shifted from a restrictive mixed economy to one of liberalization and privatization under PM Modi's leadership
- This has unleashed entrepreneurship, innovation, and foreign investment, making India one of the world's fastest growing economies
- India's growth story represents a opportunity for Texas and Dallas given strong cultural and economic ties through groups like the Indian American CEO Council
- India's journey shows how embracing free market principles and easing the ease of doing business can transform developing economies