India has rarely been number one in the world in anything—save failures. It was once number one beggar for foreign aid and food aid. For decades, it was number one in the number of poor people. But how things have changed! In 2022, India has become global champion in an area that none could have predicted — stock market performance.
In mid-December, the Sensex was up 7.5% since the start of 2022. But the MSCI index, the most comprehensive global index, had crashed 17%; the USA’s S&P 500 index was down 18%; Japan’s Nikkei 225 index was down 3%; Germany’s DAX was down 10%; China’s Shanghai’s Composite Index was down 10%; and Britain’s FTSE index was up 1.5%.
Read More at https://timesofindia.indiatimes.com/business/india-business/how-india-went-from-fragile-five-to-sensex-ational/articleshow/96305514.cms