India's market capitalization of listed domestic companies (current US$) was US$10.56 trillion in 2025, the latest year in the World Bank's World Development Indicators. That is up 505.07% from US$1.75 trillion in 2015 (19.72% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$10.56 trillion | 2025 |
| Five years earlier | US$2.55 trillion | 2020 |
| Ten years earlier | US$1.75 trillion | 2015 |
| Highest | US$10.56 trillion | 2025 |
| Lowest | US$148.77 billion | 2001 |
| Average since 2016 | US$4.01 trillion | 2016–2025 |
| First recorded | US$225.65 billion |
What the numbers say
In 2025, India's market capitalization of listed domestic companies (current US$) rose 105.8% on 2024 (from US$5.13 trillion to US$10.56 trillion).
Across the 24 yearly changes before that (2001 to 2024), the average change was +21.7% and a typical year strayed about 41.4% from that (the standard deviation). This year's change was 2.0 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 119.1% in 2007 and the biggest yearly fall was 59.7% in 2008. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about US$624.35 billion a year. A straight line explains 56% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, India had the 4th highest value of the 63 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| India | US$10.56 trillion | 2025 |
| World | US$141.3 trillion | 2025 |
| South Asia | US$10.61 trillion | 2025 |
| Lower middle income | US$11.02 trillion | 2025 |
Closest to India in the 2025 ranking
- United States — 1st of 63: US$68.94 trillion
- China — 2nd of 63: US$15.51 trillion
- Japan — 4th of 63: US$7.61 trillion
- Hong Kong SAR, China — 5th of 63: US$6.09 trillion
- Canada — 6th of 63: US$4.62 trillion
What this measures
Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end of year values converted to U.S. dollars using corresponding year-end foreign exchange rates.
Limitations: Data cover measures of size (market capitalization, number of listed domestic companies) and liquidity (value of shares traded as a percentage of gross domestic product, value of shares traded as a percentage of market capitalization). The comparability of such data across countries may be limited by conceptual and statistical weaknesses, such as inaccurate reporting and differences in accounting standards.
Regional and income-group figures are computed by the World Bank as a sum.
All 26 values
| Year | Market capitalization of listed domestic companies (current US$) |
|---|---|
| 2025 | 10,559,581,760,000 |
| 2024 | 5,131,397,430,000 |
| 2023 | 4,340,130,780,000 |
| 2022 | 3,387,366,670,000 |
| 2021 | 3,548,018,470,000 |
| 2020 | 2,552,463,790,000 |
| 2019 | 2,162,702,910,000 |
| 2018 | 4,139,820,080,000 |
| 2017 | 2,555,988,798,538 |
| 2016 | 1,746,297,399,290 |
Market capitalization of listed domestic companies (current US$) in nearby economies
- Bangladesh — US$26.22 billion (2025)
- Sri Lanka — US$26.11 billion (2025)
More financial sector data for India
- Domestic credit to private sector by banks (% of GDP) — 44.03% (2025)
- Net domestic credit (current LCU) — 312.8 trillion (2025)
- Net foreign assets (current LCU) — 66.95 trillion (2025)
- Monetary sector credit to private sector (% of GDP) — 44.03% (2025)
- Consumer price index (2010 = 100) — 233.06 (2025)
- Inflation, consumer prices (annual % growth) — 2.4% (2025)
- Claims on central government, etc. (% of GDP) — 20.02% (2025)
- Domestic credit to private sector (% of GDP) — 44.03% (2025)
- GDP deflator (base year varies by country) — 107.1 (2025)
- DEC alternative conversion factor (LCU per US$)
Reading data like this
Questions people ask
- What is India's market capitalization of listed domestic companies (current US$)?
- US$10.56 trillion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is up 4,580% from US$225.65 billion in 2000 (16.63% a year on average, compounded). The highest value was US$10.56 trillion in 2025 and the lowest US$148.77 billion in 2001.
- How does India rank?
- 4th highest of 63 economies with data for 2025.
- Is the latest change in market capitalization of listed domestic companies (current US$) unusual for India?
- In 2025, India's market capitalization of listed domestic companies (current US$) rose 105.8% on 2024 (from US$5.13 trillion to US$10.56 trillion). Across the 24 yearly changes before that (2001 to 2024), the average change was +21.7% and a typical year strayed about 41.4% from that (the standard deviation). This year's change was 2.0 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator CM.MKT.LCAP.CD, licensed CC BY 4.0. Original source: World Federation of Exchanges database, World Federation of Exchanges (WFE) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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