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India Overtakes Taiwan to Become 5th Largest Stock Market
The Indian stock market has regained its fifth-largest position, overtaking Taiwan. After a strong rally in domestic equities, which climbed to $5.5 trillion, the sector has seen a major comeback. This highlights the recent strength in the market after a period of notable correction. The latest reports claim that India has moved ahead of Taiwan to become the fifth-largest stock market in the world, surpassing the value of Taiwan's stock market. The total market capitalization of the Indian stock market surged to about $5.5 trillion, now only behind the US, China, Japan, and Hong Kong.