South Korea Overtakes India With $5.04 Trillion Market Cap, Pushing It to No. 7
Updated
Updated · The Quint · Jun 9
South Korea Overtakes India With $5.04 Trillion Market Cap, Pushing It to No. 7
3 articles · Updated · The Quint · Jun 9
Summary
India fell to seventh in global market-cap rankings on June 1 after South Korea climbed to $5.04 trillion while India slipped to $4.84 trillion; Taiwan had already passed India on May 26.
The slide reflects three simultaneous drags: few major new listings, falling stock valuations as India’s premium erodes, and sharp rupee depreciation against the dollar.
The reversal is stark because India’s market cap was about 3.5 times South Korea’s and twice Taiwan’s roughly 18 months ago, but both markets have since hit new highs as Indian equities weakened.
Canada, at $4.53 trillion, is now only 6.5% behind India, raising the risk of a further drop, while the UK, France and Germany remain materially smaller for now.
The opinion piece argues India’s vulnerability will persist unless it revives listings, stabilizes the rupee and builds leadership in new technology sectors such as semiconductors, EVs and electronics.