The Indian stock market performed strongly in 2024. The BSE Sensex recorded an 8.17% increase, while the NSE Nifty50 climbed 8.8%. Markets faced challenges such as foreign institutional investor (FII) outflows, geopolitical tensions, and significant political events, yet investors remained optimistic about India’s economic prospects.
A key driver of market strength was India’s robust economic growth. The country maintained its position as the fastest-growing major economy, fueled by strong domestic demand, infrastructure spending, and a thriving startup ecosystem. Government initiatives, including production-linked incentive (PLI) schemes and digital transformation policies, boosted investor confidence.
Corporate earnings supported the bullish momentum, with several sectors reporting impressive profit growth. Companies in information technology, banking, and consumer goods saw record revenues and expanded operations. The rise of artificial intelligence and automation accelerated digital adoption, benefiting tech firms.
