Overview
- Mumbai’s two main equity indexes are up about 10% over six months and have shown little reaction since U.S. tariffs rose to 50%.
- Domestic retail buyers, mutual funds and insurers have steadied prices as foreign funds pulled back, partly on a rebound in Chinese shares.
- Foreign ownership is reported near 16%, down from roughly 24% a decade ago, signaling a larger role for Indian institutions.
- Individual brokerage accounts have surpassed roughly 200 million, with many investors automating contributions into mutual funds.
- Export‑oriented companies face tariff pressure, and the Finance Ministry has simplified and reduced GST rates to spur spending and offset losses.