Indian Economy: A journey of last 65 years
Indian stock market
The Economic Liberalization introduced by Man Mohan Singh in 1991, then Finance Minister in the government of P V Narsimha Rao, proved to be the stepping-stone for Indian capital markets.
The equity market capitalization of the companies listed on the BSE was USD 1 trillion as of December 2011, making it the 6th largest stock exchange in Asia and the 14th largest in the world. The BSE has the largest number of listed companies in the world.
As of March 2012, there are over 5,133 listed Indian companies and over 8,196 scrips on the stock exchange, the Bombay Stock Exchange has a significant trading volume.
The Bull run which started since 2003 peaked during starting of 2008 and had a huge fall due to US Subprime crisis (which was the main reason).
On January 10, 2008, the market had hit an all time high of 21206.70. The markets after testing new lows in 2009 gave awesome returns in 2010.
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