The Indian equity capital markets hit a record high and raised 49.2 billion dollars in the first nine months of this year, the January to September period. A massive 115 percent growth was reported compared to a year ago. It surpassed the annual record set in 2020 by proceeds.

According to a report by London Stock Exchange Group, the number of equity capital market offerings also saw a 61 percent increase year-on-year. Initial public offerings (IPO) from Indian issuers raised 9.2 billion dollars, up 96 percent compared to the same period last year, making it the highest first nine-month total since 2021.

The report mentioned that infrastructure, renewable energy, healthcare, and consumer goods are deal-making sectors driven by consumer spending.