Mumbai, March 9 -- Ashish Kumar Chauhan, MD and CEO of the National Stock Exchange (NSE), marked the 30th anniversary of the Nifty 50 index by announcing that the market capitalization of companies listed on the exchange has reached USD 5 trillion.

Highlighting India's rise to becoming the fourth-largest capital market in the world, Chauhan noted that the index is no longer just a financial metric but a "stock of the nation."

He emphasised the scale of wealth creation, stating, "Since April 2020, rising equity participation has contributed to an estimated 57 lakh crore increase in household equity wealth, highlighting the growing role of capital markets in India's financial ecosystem."

Reflecting on the evolution of the Indian economy,...