Market Cap crosses country's GDP

For the first time in India’s history, the market capitalisation of the BSE has crossed the country’s domestic GDP. The total listed market cap touched Rs 33 lakh crore on Friday, eclipsing the GDP figure of around Rs 32 lakh crore during FY06. The market cap for all listed BSE stocks rose to Rs 34 lakh crore on Monday.

India has become the first BRIC country where the market cap of the companies listed on the stock exchange exceeds the GDP of that country. India now joins an exclusive club of developed markets, including the US and the UK along with a few emerging economies such as South Africa, Malaysia and Singapore.