Industry Odisha Bureau, Jun 3: Close on the heels of east-Asian country Taiwan reportedly surpassed India’s equity market to become the fifth largest in the world, yet another east-Asian country South Korea reportedly overtook the south-Asian country India’s equity market in market capitalisation (Market Cap).
Media reports said that, “Marking their influence on the AI economy, both the east-Asian countries Taiwan and South Korea have not only surpassed India, but also Canada and other European countries,” adding remarks, “South Korea has now become the world’s sixth largest equity market driven by the rally in AI chipmakers, while India has fallen from sixth to the sevnth rank.”
Media reports also said that, “South Korea’s total Market Cap has crossed 86% in 2026 to $5 trillion. On the other hand, India’s Market Cap dwindled from $5.66 trillion in September 2024 to $4.8 trillion.”
Drawing a comparison between India and South Korea’s gross domestic product (GDP) and growth rate vis-à-vis South Korea excelling in equity market, media reports stated, “Intriguingly, India’s nominal GDP of $4.15 trillion is more than twice of South Korea’s $1.93 trillion. Even, India’s growth rate is 6.5%, while South Korea’s growth rate is a modest 1.9%.”
According to experts, “South Korea’s equity market is largely propelled by Samsung Electronics and SK Hynix as both the companies have recently joined the exclusive $1 trillion valuation club powered by the demand for memory chips used in AI applications and data centres, while India lacks participation in the AI-led rally and conspicuous by its abence from the AI hardware market.”
