In a first since October 2010, market cap to GDP ratio crosses 100%

10:30:00 AM, Friday 15th of January 2021 | in business

For the first time since October 2010, the market-capitalisation to Gross Domestic Product ratio has crossed 100 percent. This means the total value of all the companies listed at current share prices has surpassed India's GDP. To calculate the market capitalisation, total shares are multiplied by the current share price. This market cap to GDP ratio breached 100% on Thursday and the overall market cap was Rs. 197.7 lakh crore.