Indian stock market on Wednesday achieved a milestone, touching $4 trillion in market capitalisation (m-cap) for the first time ever. This coincided with the NSE barometer Nifty50 reclaiming the psychological mark of 20,000 for the first time since September. The optimism on Dalal Street has its roots in the way India is uniquely placed among global economies. At a time when the global economy is facing the twin problem of high inflation and slowing growth, with even the world’s growth engine China not showing a sign of recovery, India has taken the centerstage. Many global agencies have upped FY24 GDP forecast for India and several global brokerages retained India ‘overweight’ in their model portfolios despite strong gains.