Why US is the "Mother Market"
Stock Market "size" are measured by their market capitalisation
Market Capitalisation of Stock markets of various countries.
A closer look at world market caps reveal the size of the US market. Its 55 times that of Indian market even though the US economy (GDP) is approx 7 times that of Indian economy.
Similarly US stock market is 14 times of the Chinese Stock market even though the US economy (GDP) is approx 1.5 times that of China.
GDP of various countries
GDP or Gross Domestic Product of various countries reveals that India is still the 5th largest economy in the world and trails US and China significantly.
What is that India needs to do to ensure a significant growth of its economy??
GDP of various countries (in USD billion)
The age of Tech Giants
Life was very different at the beginning of this millennium.
There were no smart phones, Facebook did not exist. ExxonMobil was the largest company possibly more than 25 times that of Apple.
As the years passed by and internet became a reality in ur lives - they way we live our lives changed.
Smartphones changed not only the ay we communicate and interact but also the way we buy and watch news and interact with our friends and family.
As all of this happened the companies which helped us change our lives grew bigger all of a sudden.
A comparison of the worlds largest companies in 2005 and 2019 reveals that the worlds largest companies (with the exception of Saudi Aramco) are the technology companies.
It's the American tech giants which now dominate the rankings followed by Chinese competitors Alibaba and Tencent.
Its Apple, Google (alphabet), Facebook and Microsoft all the way.
The Future
The extraordinary growth of technology companies in the world and their dominance of the stock markets indicates about the future.
Life without technology, in future, will be near impossible. When work from home becomes a reality and technology makes e-commerce and home delivery "easy" - is it necessary to live in cities?
(Disclaimer : This blog is for information purposes and not to solicit any business and provide any kind of advise)
