Leading the Global Market Rally

The Outlook magazine explores the dynamic role of NSE in driving the success of India's capital markets

- Ashishkumar Chauhan MD & CEO, National Stock Exchange

What are the key factors driving the rapid growth of India's capital markets on the global stage?

Over the past three decades, India's capital markets have ascended to the fourth largest in the world, mirroring the nation's rise as the fourth-largest economy. The National Stock Exchange (NSE), India's largest and most trusted platform, revolutionised trading by introducing the country's first electronic trading system, ensuring transparency, efficiency, and nationwide access. NSE has democratised investing, expanding participation across India and growing market capitalisation over 125-fold to over Rs 450 lakh crore today.

Income tax rationalisation of the Union Budget FY25-26, along with RBI's policy rate cuts and the recent GST tax rejig, are expected to broaden market participation. Equity markets, particularly the Nifty50, have outperformed major global indices, offering long-term higher compounded annual returns. Young population, rising disposable incomes, strong leadership and progressive policies support this growth, underscoring the market's role in household wealth creation and financial empowerment across India.