Indian stock markets now 8th-biggest in the world

India is now home to the world’s eighth-biggest stock market, overtaking Canada for the first time in almost a decade. The score: India $2.29 trillion, Canada $2.

28 trillion. Mumbai’s total stock market capitalisation hasn’t exceeded Toronto’s since January 21, 2008, when the S&P BSE Sensex plunged as concern grew that a global financial crisis was taking hold. Since then, India’s market swelled by $800 billion as investors flocked to a nation where the government boosted consumption through a job-guarantee.

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