In a first, India among the top five ECM markets globally in 2022

Interestingly, in 2022 India also broke into the top-five league in terms of market capitalization

India was among the top five markets, globally, in terms of equity fundraising despite the quantum of funds raised declining by 43 per cent.
 

According to a report by Kotak Investment Banking, funds to the tune of $16.4 billion were transacted via equity capital market (ECM) activity in India in 2022.
 

Traditionally, India has rarely featured in the top 10 in terms of ECM activity. Interestingly, in 2022, India also broke into the top-five league in terms of market capitalisation.
 

India's outperformance comes on the back of a sharper decline in ECM activity in major markets such as the United