India's market capitalisation as represented by listed companies on Bombay Stock Exchange (BSE) reached historic Rs 100 trillion mark today for the first time. BSE has reached yet another landmark today by crossing a milestone in terms of its market capitalisation.
On this landmark moment, Ashishkumar Chauhan, MD & CEO, BSE said, ''India and BSE reached a significant milestone today. It is a reflection on the potential of India as a new age powerhouse. It is also significant that it has happened after highly successful tour of our Prime Minister Narendra Modi to Nepal for SAARC, Australia for G20, Myanmar and Fiji. This achievement is a reflection of India's growth potential as seen from the foreign investor's perspective as well as the competitiveness of Indian entrepreneurs to manage world class organisations.''
''It has taken India and BSE 140 years to reach this milestone of Rs 100 trillion market capitalisations. However given India's potential, India should be able to achieve multiple times Rs 100 trillion market capitalisation in time to come. In that sense India has a long way to go on the path of job creation and wealth creation'' Chauhan added.
BSE in its endeavor to bring transparency and accuracy to the market has taken several initiatives and has been increasing its market share both in cash and derivatives segment. It has also gained leadership in many other products like BSE SME platform, BSE Star MF and many more.
BSE has acted as a catalyst in helping India create 100 trillion market capitalisations. We believe India will use capital market mechanism more over the period to help India do wealth creation and job creation. Chauhan added ''BSE believes India can create 15 million new jobs every year for next 20 years aggregating to 300 million jobs using entrepreneurial energy of Indian youth. BSE will continue to act as the catalyst for wealth creation and job creation in time to come. It has taken India and BSE 140 years to reach this milestone of Rs 100 trillion market capitalisations. However given India's potential, India should be able to achieve multiple times Rs 100 trillion market capitalisation in time to come.