Since the pandemic lows in March 2020, the blue-chip Nifty 50 index has climbed over 200%. Last year, Indian equities soared to record highs.
The Indian market is a major player among emerging markets. It also boasts the world's largest population, estimated at 1.45 billion. Since emerging from the pandemic, India has delivered consecutive years of robust GDP growth, reaching 9.69% in 2021, the highest rate since 1988. Although the growth rate eased to 8.2% in 2023, it remains impressive.
Many see this growth as a sign of India’s resilience to recover after the pandemic, which was primarily driven by the recovery and growth of many sectors, such as the financial services and real estate sector, along with the robust recovery of the construction sector which has outperformed pre-pandemic levels.
