Hardeep Singh Puri Optimistic As Small And Midcap Funds Flourish In Indian Markets

Union Minister Hardeep Singh Puri highlights India's economic resilience and optimism for continued growth. The surge in small and midcap funds in India's markets, driven by strong company performance, has attracted investor interest. In 2023, 182 SME IPOs raised ₹4600 crores, marking a 150 percent increase. Regulators are mandating additional disclosures for SME listings to enhance transparency. India's economy stands out globally, contributing 15 percent to global growth. Market forecasts predict a 16 to 20 percent rise in the Nifty index for the fiscal year.