India The Market of the Future: Leading Index with 131% Stronger Growth than DAX since 2016, Record Demand for Indian Stocks
- India's leading index up 98.5% in 5-year review
- 131% higher growth than the DAX
- Worldwide Google search volume for Indian stocks hits all-time high during pandemic
- Predicted 8.8% rise in Indian GDP
- MSCI increases share of Indian stocks in MSCI Emerging Markets from 8.1% to 8.7%
January 19, 2021 (Investorideas.com Newswire) India's leading index, the BSE Sensex, has climbed 98.5% over the past five years, while the DAX has gained just 42.6%. The Indian benchmark's gain is around 131% higher. This is revealed in a new infographic from Kryptoszene.de. Furthermore, the chart shows that global Google search demand for Indian stocks increased rapidly during the pandemic to reach a new record high.
The Google trend score for "Indian shares" currently stands at 53, with the biggest surge in demand occurring in July 2020, when the relative search volume reached an all-time high. Yet even now, user interest in Indian shares is significantly higher than at almost any time before the Corona crisis.
As the infographic illustrates, U.S. financial services provider MSCI increased the proportion of Indian stocks in its indices. As of December last year, these securities accounted for 8.7% of the MSCI Emerging Markets, compared to 8.1% previously.
While the pandemic has certainly put a damper on Indian growth - given that the country is particularly badly affected by Covid19 - economists expect gross domestic product (GDP) to continue to grow in the coming years. This growth is expected to amount to about 8.8% in 2021. By comparison, Germany's GDP is forecast to rise by around 4.4%. However by the year 2022, this gap is expected to be significantly wider. Here, India's expected GDP increase of 7.9% contrasts with a projected German GDP increase of 2.5%.
"Although India is a huge economic power with a population of 1.37 billion, listed corporations are often still below the radars of local investors," according to Kryptoszene analyst Raphael Lulay. "The survey shows, however, that the tide seems to be turning".
The full story with the infographic, facts and more statistics: https://kryptoszene.de/news/india-the-market-of-the-future-leading-index-with-131-stronger-growth-than-dax-since-2016-record-demand-for-indian-stocks/
Kryptoszene.de is a news and information platform that publishes cryptocurrency forecasts, investment news, background reports, analyses and instructions for buying and trading cryptocurrencies and other assets.
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