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India equity markets deliver 13.7% annualised growth as GDP crosses US$4 trn mark

India’s stock market logged ~13.
India’s equity markets have delivered an annualised return of about 13.7% between 2020 and 2025, driven by strong domestic consumption, a vibrant services sector and expanding manufacturing, said veteran investor Nilesh Shah in New York.
The comments come amid India’s economy surpassing the US$4 trillion‑GDP milestone, underscoring its rising role in global growth.
Foreign institutional investors now hold sizeable stakes in India’s largest listed bank, asset‑management firm and telecom player, signalling increasing international participation in the country’s growth story. Implementation of reforms around capital markets and digital infrastructure remains key to sustaining this momentum.