India's stocks traded, turnover ratio of domestic shares (%) was 65.23% in 2024, the latest year in the World Bank's World Development Indicators. That is up 20.09 percentage points from 45.14% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 65.23% | 2024 |
| Five years earlier | 55.83% | 2019 |
| Ten years earlier | 45.14% | 2014 |
| Highest | 227.28% | 2000 |
| Lowest | 30.42% | 2018 |
| Average since 2015 | 52.25% | 2015–2024 |
| First recorded | 227.28% | 2000 |
What the numbers say
In 2024, India's stocks traded, turnover ratio of domestic shares (%) rose 20.42 percentage points on 2023 (from 44.81% to 65.23%).
Across the 23 yearly changes before that (2001 to 2023), the average change was −7.93 percentage points and a typical year strayed about 27.45 percentage points from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 75.5 percentage points in 2008 and the biggest yearly fall was 60.48 percentage points in 2001. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 19% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, India had the 11th highest value of the 60 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 | 65.23% | 2024 |
| World | 94.15% | 2024 |
| South Asia | 64% | 2024 |
| Lower middle income | 61.69% | 2024 |
Closest to India in the 2024 ranking
- Viet Nam — 7th of 60: 78.39%
- United States — 8th of 60: 68.5%
- Hong Kong SAR, China — 9th of 60: 65.86%
- Canada — 11th of 60: 63.71%
- Thailand — 12th of 60: 58.09%
- Australia — 13th of 60: 48.66%
What this measures
Turnover ratio is the value of domestic shares traded divided by their market capitalization. The value is annualized by multiplying the monthly average by 12.
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. Only domestic shares are used in order to be consistent with domestic market capitalization.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 25 values
| Year | Stocks traded, turnover ratio of domestic shares (%) |
|---|---|
| 2024 | 65.23 |
| 2023 | 44.81 |
| 2022 | 49.81 |
| 2021 | 64.82 |
| 2020 | 72.18 |
| 2019 | 55.83 |
| 2018 | 30.42 |
| 2017 | 47.14 |
| 2016 | 46.29 |
| 2015 | 45.97 |
| 2014 |
Stocks traded, turnover ratio of domestic shares (%) in nearby economies
- Bangladesh — 14.54% (2024)
- Sri Lanka — 7.66% (2024)
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 stocks traded, turnover ratio of domestic shares (%)?
- 65.23% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is down 162.04 percentage points from 227.28% in 2000. The highest value was 227.28% in 2000 and the lowest 30.42% in 2018.
- How does India rank?
- 11th highest of 60 economies with data for 2024.
- Is the latest change in stocks traded, turnover ratio of domestic shares (%) unusual for India?
- In 2024, India's stocks traded, turnover ratio of domestic shares (%) rose 20.42 percentage points on 2023 (from 44.81% to 65.23%). Across the 23 yearly changes before that (2001 to 2023), the average change was −7.93 percentage points and a typical year strayed about 27.45 percentage points from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator CM.MKT.TRNR, 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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