India Stock Value Tops $4 Trillion, Closing In on Hong Kong

(Bloomberg) — The value of India’s stock market value exceeded $4 trillion Tuesday for the first time, marking a key milestone for the world’s fifth-biggest equity market as it rapidly narrows the gap with slumping Hong Kong.

The market capitalization of companies listed on India’s exchanges has risen by $1 trillion in less than three years, as the South Asian market emerges as one of the best performers in the region as well as the emerging world.