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In 2022, India’s equity market has broken into the world’s top five club in terms of market capitalization for the first time. The country’s total market cap stands at how many trillion dollars?

In 2022, India’s equity market has broken into the world’s top five club in terms of market capitalization for the first time. The country’s total market cap stands at how many trillion dollars? Correct Answer 3.21

The correct answer is $3.21 trillion.

Key Points

  • India’s equity market has broken into the world’s top five club in terms of market capitalization for the first time.
  • The country’s total market cap stands at $3.21 trillion, which is higher than that of the UK ($3.19 trillion), Saudi Arabia ($3.18 trillion), and Canada ($3.18 trillion).
  • In 2022, India has climbed two positions, despite a 7.4 percent drop in its market cap.

Important Points

  • Germany, once among the top five markets, has now slipped to tenth.
  • Meanwhile, Saudi Arabia has climbed three places from 10th to 7th.
  • The country, particularly its biggest firm Aramco, stands to gain from the surge in oil prices this year.
  • Shares of the state-owned oil giant are up 15 per cent year to date, valuing the company at nearly $2.4 trillion, only behind Apple,the world’s most valuable firm, with a market cap of $2.6 trillion.

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