May 21, 2017The Chinese and the Indian economy (part-2)
Movements in the stock market can have a profound economic impact on the economy and everyday people. A collapse in share prices has the potential to cause widespread economic disruption. [economicshelp.org]
Shanghai Stock Exchange and Shenzhen Stock Exchange, are two stock exchanges located in Shanghai and Shenzhen city of mainland China.
As of 2016, total market value of China’s stock markets were US$6.6 trillion, which ranked it the second largest stock market in the world.
Shanghai Stock Exchange
Shenzhen Stock Exchange
Bombay Stock Exchange and National Stock Exchange of India are the two stock exchange located in the Mumbai city of India.
As of 2016, total market value of India’s stock markets were US$3.3 trillion.
The Bombay Stock Exchange is Asia's first stock exchange, founded in 1875.
Bombay Stock Exchange
National Stock Exchange of India
Now the real story here...
With a total market capitalization of US$418 billion in 2003, China came from nowhere to take the second place in the world ranking. it achieved US$6.6 trillion total market capitalization with an incredible growth rate of 1,479 percent in just 14 years.
India has also been rocketing up the rankings. It’s still not in the same league as China as far as market size, but it’s gaining on the rest of the world. Since 2003, it’s total market cap has grown 639 percent – more than any other country in the top 10… except for China.[Business Insider]