Last Updated:
According to the annual survey, India’s portion of global IPO listings rose to 30% in 2024, a substantial increase from 17% in 2023.
Economic Survey 2024-25
Economic Survey 2025: The Economic Survey, presented by Finance Minister Nirmala Sitharaman, highlighted the robust performance of India’s capital markets, which have supported capital formation in the real economy despite challenges such as geopolitical uncertainties and election-induced market volatility.
“The capital markets have demonstrated strong performance, driving capital formation in the real economy, increasing the financialisation of domestic savings, and supporting wealth creation. As of December 2024, the Indian stock market has recorded new highs, consistently outperforming its emerging market peers despite geopolitical uncertainties and election-driven market volatility challenges. Meanwhile, the insurance and pension sectors continue to perform with the vision of achieving universal coverage and strengthening the financial ecosystem further,” the annual survey, reviewing the FY2024-25, stated.
The survey further noted that India’s share of global IPO listings surged to 30% in 2024, up from 17% in 2023, making it the top contributor to primary resource mobilization worldwide. Over the long term, Indian markets have been among the best performers globally, with the Nifty 50 posting an 8.8% annual return over the last decade.
While it lags behind indices like the US NASDAQ (15.3%) and Dow Jones (9.2%), it outperforms China’s Shanghai Composite (3.2%). The impressive performance of Indian stocks has been fueled by profitability growth, digital infrastructure, a growing investor base, and significant reforms. India’s weight in the MSCI-EM index reached a peak of 20% in July 2024, settling at 19.4% by December, ranking third after China and Taiwan.