India beats Hong Kong as world's fourth largest stock market

    The combined value of shares listed on Indian Exchanges reached $4.33 trillion as of Monday's close, versus $4.29 trillion for Hong Kong, according to data shared by Bloomberg.    

     Thanks to a rapidly growing retail investor base and strong corporate profits, India's stock market is booming. With its stable political structure and a consumption driven economy, which remains among the fastest growing major economies, the world's largest country has positioned itself as an alternative to China, attracting fresh capital from global investors and firms alike.