The market value of companies listed on India’s exchanges crossed $4 trillion in late November.
But the country is stuck in recession and recently lost its position as the world’s third biggest economy to Germany.
While interest in the world’s fifth largest economy is rising, the lofty prices of India’s stocks are scaring some international investors away.
According to Macquarie, retail investors alone own 9% of India’s equity market value versus foreign investors at slightly under 20%.
China “has a few too many companies which are $100 and $200 billion plus [in value],” Mittal said.
Persons:
Peeyush Mittal, there’s, ”, Mittal, They’ve, Narendra Modi, Indranil Mukherjee, Jefferies, “, MSCI, Aditya Suresh, Modi’s, Modi, there’ll, ” Suresh, shoring, Hubert de Barochez, Elon Musk, India “, ” Musk, Suresh, Satish Babu, China “, ” Mittal, Priyanka Agnihotri, Nirmala Sitharaman
Organizations:
New, New Delhi CNN —, Matthews Asia, Getty, Macquarie Capital, Bharatiya Janata Party, Monetary Fund, Jefferies, Capital Economics, Apple, Foxconn, ”, Workers, Chennai Metro Rail, Advisory, Indian
Locations:
New Delhi, Jaipur, San Francisco, India, China, Shanghai, Shenzhen, Hong Kong, Japan, Germany, Beijing, Washington, “ India, Macquarie, Chennai, Baltimore