According to the Economic Survey 2023–24 presented in Parliament on 22 July, what position does India now rank globally in market capitalisation to GDP ratio?

Correct option is A

The correct answer is: (a) 5th
Explanation:
· As per Economic Survey 2023–24, India ranks 5th globally in terms of market capitalisation to GDP ratio, showing strong equity markets relative to the size of its economy.
· The performance reflects growing investor confidence, FDI inflows, and rising corporate valuations.
Information Booster:
· Market capitalisation is the total value of listed companies’ shares.
· The ratio reflects a country’s financial market depth.
· India’s stock markets, especially NSE and BSE, saw high performance in FY 2023–24.
· India’s nominal GDP in FY 2023–24 was approx. $3.7 trillion.
· Top countries in this ratio include USA, Japan, Hong Kong, China.
· Economic Survey is presented a day before the Union Budget.