Published on 6 Dec 2022 on Insider Monkey via Yahoo Finance
10 Best Companies to Invest in India for Beginners
In this piece, we will take a look at the ten best companies to invest in India for beginners. For more companies, head on over to 5 Best Companies to Invest in India for Beginners.
India is one of the largest countries in the world when it comes to the economy and the second largest when it comes to population. This lends it unique advantages and enables the companies that operate in the country to grow massively as they have a large population at their disposal to sell products and services. India's stock exchanges are also among some of the largest in the world. The primary exchange in the Asian country is the National Stock Exchange (NSE) which is based in India's financial center and one of the most lucrative cities in the world, Mumbai. The NSE is the world's eighth largest stock exchange in terms of market value as of September 2022, as its total market capitalization stood at $3.3 trillion. Additionally, it was ranked as the fourth largest exchange in the world in 2021 in terms of cash equities traded. A total of $164 billion worth of equities were traded on the NSE in September 2022, placing its rank at number 11.
While the NSE is among the top ten exchanges in the world when it comes to the total number of companies that are listed on it, the ranking drops as it is reflective of a broader trend in India where firms generally do not turn to the broader stock market to raise capital through public finance. A total of 2,126 companies had been listed on the NSE in September this year, placing it below all major Asian Pacific exchanges including those in China, Australia, and Japan.