Indian stocks have risen for 9 consecutive years! These are the popular Indian ETFs

LB Select
2024.04.09 09:40
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The Indian Sensex index was around 20,000 points at the peak of the global bull market in 2007, and now it is over 74,000 points, an increase of more than 270%. In contrast, the Shanghai Composite Index has fallen by 50%

The Indian stock market has been rising for 8 consecutive years, with a 3.36% increase since 2024, and is expected to achieve a 9-year continuous rise.

I. Indian Stock Market Continues to Hit New Highs

The Indian Sensex index was around 20,000 points at the peak of the global bull market in 2007, and now it is over 74,000 points, an increase of over 270%;

In comparison, the A-share Shanghai Composite Index was around 6,124 points at its peak in 2007, and is currently around 3,000 points, a decrease of 50%. According to the increase in the Indian Sensex index, the current Shanghai Composite Index should be around 22,000 points, requiring a 630% increase from 3,000 points.

Shanghai Composite Index:

II. India's Manufacturing PMI Hits 16-Year High at 59.1

III. Infrastructure Development Accelerates India's Growth

Not only has a large amount of foreign investment poured into India from companies like Boeing and Apple, but the Indian government's allocation for infrastructure has also more than doubled compared to five years ago, exceeding 11 trillion rupees (132 billion US dollars) in the 2025 fiscal year, with state expenditures potentially reaching 20 trillion rupees.

The Modi government plans to invest 143 trillion rupees in improving important infrastructure such as railways, roads, ports, and waterways within six years by 2030.

IV. India's Foreign Exchange Reserves Hit Record High, Increasing by $30 Billion to $645.6 Billion

During 2022, India consumed over 15% of its foreign reserves in a "currency defense war" but still could not control the Indian rupee's devaluation by over 12%.

However, it has now reached a new record high:

For comparison, here are China's foreign exchange reserves (changes over the past decade):

V. Indian ETF

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More information: Eight consecutive years of growth! The Indian stock market is hot, with a total market value surpassing Hong Kong