On Dec. 6th, the market cap of the India stock market surpassed $4 trillion, ranking only behind the United States, China, and Japan. The NSE Nifty 50 index, a major benchmark in India, hit a new high with a surge of over 13% this year and is poised to achieve its 8 straight year gains.Why is the performance of Indiaâs stock market so impressive?Strong economic growthThe stellar performance in the India stock market closely follow India's economic growth, truly becoming an indicator of economic conditions.India's economic activity remained robust this year, standing out amidst a global economic slowdown.Faster GDP growth than USAnalysts attribute the rapid economic growth partly to the continuous improvement in India's per capita GDP. In 2022, India's per capita GDP reached $2388.6, a 27.7