India’s Leap Over Hong Kong in Equity Market Signals Good News for Crypto

Shraddha Sharma
January 23, 2024 Updated May 12, 2025
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
India Reevaluating its Crypto Stance Amid Global Adoption and Policy Changes

India has surpassed Hong Kong in stock market value, based on data compiled by Bloomberg. The report suggests that its growth potential and policy reforms have increasingly attracted investors.

The total value of shares on Indian exchanges hit $4.33 trillion at Monday’s close, edging out Hong Kong’s $4.29 trillion. November-end data by the World Federation of Exchanges placed India in seventh place when it briefly surpassed Hong Kong. 

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India becomes a $4.33T share market

As per Bloomberg, the market capitalization of India’s stock market first exceeded $4 trillion on December 5, with approximately half of this growth occurring in the last four years. This marks pre- and post-covid market growth as a crucial factor. Essentially, at a time when Indians got the most interested in crypto.

Interestingly, equity market growth can be considered a piece of good news for the crypto market. Any increase in market value, in some way, reflects broader economic growth. It can be argued that the stock market is not the only barometer of economic growth. However, it does provide a positive commentary on investor appetite and technology adoption in the country.

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What does it mean?

Growth in the equity market, which is a relatively riskier investment avenue compared to bonds, has its advantages. Often, a larger investment market brings enhanced financial literacy and exposure to a variety of investment products to new or potential investors.

Additionally, a market that reeks of investor confidence means potentially increased interest in riskier investments like digital assets. We know India is known for its high crypto adoption. What it is not known for is the regulatory acceptance of private crypto, despite its taxation guidelines on the asset class. One can also hope that a star financial market performer might also call for more oversight. And as regulations evolve, they can expect to have a positive spillover effect on the cryptocurrency market.

However, growth in India’s equity market is definitely suggestive of an emerging, more robust digital asset market in the coming years. Which could potentially impact global cryptocurrency trends considering the magnitude of the South Asian country.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Shraddha's professional journey spans over five years, during which she worked as a financial journalist, covering business, markets, and cryptocurrencies. As a reporter, she has placed particular emphasis to learn about the market interaction with emerging technologies.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.