Updated By: LatestGKGS Desk
India’s stock market becomes 7th largest in the world overtaking Germany
India’s stock market becomes 7th largest in the world overtaking Germany: Details, Highlights
The Indian Stock market overtakes Germany stock market for the first time in seven years to become the world’s 7th largest stock market.
This feast shows India’s positive returns this year as companies dependency on domestic demand enabled them to avoid a meltdown in other emerging markets spurred due to U.S. China trade war.
The reliance on local demand and entrepreneurship also helped India ahead in growth sweepstakes.
South Asian Giant, India is projected to grow at 7.5 percent in 2018 and 7.3 percent in 2019 whereas Germany managed to achieve a growth rate of only 1.6 percent in 2018.
After the exit of the United Kingdom from the European Union, now the EU has only one country in the top seven economies of the world – France.
Germany
Capital: Berlin
National Language: German
Currency: Euro
President: Frank-Walter Steinmeier
