India’s leading index, the BSE Sensex, has risen by 98.5% over the past five years, while the DAX has gained just 42.6%. The gain for the Indian benchmark indices is around 131% higher. This can be seen in a new infographic from Kryptoszene.de. The survey also shows that global Google search demand for Indian stocks has risen rapidly during the pandemic to reach a new record high.
The Google trend score for Indian shares currently stands at 53. The biggest surge in demand was in July 2020, when the relative search volume reached its all-time high. Yet even now, user interest in Indian shares is significantly higher than at almost any time before the Corona crisis.
As the infographic shows, American financial services provider MSCI has increased the proportion of Indian shares in its indices. These securities have accounted for 8.7% of the MSCI Emerging Markets since December, compared to 8.1% previously. The „FAZ“ reported.
Indian Growth Trajectory
Admittedly, the pandemic has put a damper on Indian growth – not least because the country is particularly badly affected by Covid19. Nevertheless, economic experts expect gross domestic product (GDP) to continue to grow in the coming years. Growth is expected to amount to around 8.8% in 2021, compared to a forecasted rise in German GDP of 4.4%. This is according to estimates by the German government and the IMF.
This gap is expected to widen significantly in 2022, when India’s expected GDP increase of 7.9% dwarfs a projected German GDP increase of 2.5%.
