In December last year, India climbed two notches to take the eighth spot among the world’s top stock markets

India has piped European powerhouse Germany into the $3-trillion market capitalisation club. The Indian domestic market on Monday joined the UK, France and Canada in the $3-trillion m-cap club.

The development comes even as the country is battling the second wave of Covid-19 pandemic signaling the strong economic preparation of the country.

According to a Business Standard report, India currently ranks eighth on the table of most-valued equity markets, ahead of Germany which has a market cap of $2.8 trillion.

In the past, Germany and India had tussled for the eight positions. Given the outperformance in European equities, Germany too could join the club soon. The DAX, a gauge for the performance of the largest companies listed on the Frankfurt stock exchange, is up 13% this year outperforming the Sensex which is up 6%.

Earlier, in December last year, India climbed two notches to take the eighth spot among the world’s top stock markets as the country crossed the $2.5 trillion market capitalization mark for the first time.

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