India’s stock exchange the BSE Sensex reached a historic high closing at 80,049.67 on Thursday. The Nifty 50 also closed at an all time high of 24,302.15
The Sensex has seen a rise of over 10% since January this year.
India’s GDP growth for FY24 also beat expectations with the Indian economy growing at a staggering 8.2%.
India is also expected to remain the world’s fastest growing major economy for FY25.
India is currently the fifth largest economy in the world in nominal terms (third biggest on purchasing power parity) behind US, China, Germany and Japan. However, it is expected to surpass Japan by 2025.
Stock exchanges in Japan and Taiwan also hit an all time high with mostly a rally in Asia-Pacific markets.