In fiscal year 2024, market capitalization to GDP ratio for both National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) was over *** percent. This was a 15-year high, and among the highest worldwide, comparable with the U.S. and Japan.
Various sources: NSE stands for National Stock Exchange of India; BSE stands for Bombay Stock Exchange; MOPSI stands for Ministry of Statistics and Programme Implementation.
India's financial year begins in April and ends in March. For example, FY 2023 started in April 2022 and ended in March 2023.
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SEBI (India). (July 27, 2024). Market capitalization to GDP ratio in India in the financial year 2022 to 2024, by stock exchange [Graph]. In Statista. Retrieved October 20, 2025, from https://www.statista.com/statistics/1462244/india-market-capitalization-to-gdp-ratio/
SEBI (India). "Market capitalization to GDP ratio in India in the financial year 2022 to 2024, by stock exchange." Chart. July 27, 2024. Statista. Accessed October 20, 2025. https://www.statista.com/statistics/1462244/india-market-capitalization-to-gdp-ratio/
SEBI (India). (2024). Market capitalization to GDP ratio in India in the financial year 2022 to 2024, by stock exchange. Statista. Statista Inc.. Accessed: October 20, 2025. https://www.statista.com/statistics/1462244/india-market-capitalization-to-gdp-ratio/
SEBI (India). "Market Capitalization to Gdp Ratio in India in The Financial Year 2022 to 2024, by Stock Exchange." Statista, Statista Inc., 27 Jul 2024, https://www.statista.com/statistics/1462244/india-market-capitalization-to-gdp-ratio/
SEBI (India), Market capitalization to GDP ratio in India in the financial year 2022 to 2024, by stock exchange Statista, https://www.statista.com/statistics/1462244/india-market-capitalization-to-gdp-ratio/ (last visited October 20, 2025)
Market capitalization to GDP ratio in India in the financial year 2022 to 2024, by stock exchange [Graph], SEBI (India), July 27, 2024. [Online]. Available: https://www.statista.com/statistics/1462244/india-market-capitalization-to-gdp-ratio/
