India vs Japan: Market capitalization of listed domestic companies
Market capitalization of listed domestic companies over time
- India
- Japan
How they compare
India currently reports 10.56 trillion current US$ against 7.61 trillion current US$ in Japan, a difference of 2.95 trillion current US$.
That makes India's figure about 1.4 times Japan's.
The two have swapped places 1 time across 26 shared years of data; in 2000 it was Japan ahead.
India ranks 3rd and Japan ranks 4th of 99 countries.
Japan has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | India | Japan | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 691.16 billion current US$ | 3.39 trillion current US$ | 2.70 trillion current US$ | Japan |
| 2010s | 1.97 trillion current US$ | 4.71 trillion current US$ | 2.74 trillion current US$ | Japan |
| 2020s | 4.92 trillion current US$ | 6.45 trillion current US$ | 1.53 trillion current US$ | Japan |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher market capitalization of listed domestic companies, India or Japan?
- India, at 10.56 trillion current US$ against 7.61 trillion current US$ in Japan as of 2025.
- What is the difference in market capitalization of listed domestic companies between India and Japan?
- 2.95 trillion current US$, with India ahead.
- How many years of comparable data are there for India and Japan?
- 26 years are reported by both, from 2000 to 2025.
- How do India and Japan rank globally for market capitalization of listed domestic companies?
- India ranks 3rd and Japan ranks 4th of 99 countries.
- Where does this data come from?
- World Federation of Exchanges database, World Federation of Exchanges (WFE), published as Market capitalization of listed domestic companies (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end of year values converted to U.S. dollars using corresponding year-end foreign exchange rates.