Q. Recently, India surpassed which country to become the fourth-largest equity market globally?
Answer:
Hong Kong
Notes: India recently overtook Hong Kong as the world's fourth-largest equity market, boasting a total market value of $4.33 trillion, surpassing Hong Kong's $4.29 trillion. The leading global stock markets are currently the U.S., China, and Japan. This milestone underscores India's rising prominence in the global financial arena, propelled by a robust GDP, political stability, foreign investments, and its appeal as an alternative to China. Meanwhile, Hong Kong grapples with challenges like COVID-19 restrictions, regulatory crackdowns, a property crisis, and geopolitical tensions, affecting its attractiveness to investors.