Economic Survey 2026: According to the economic review presented in Parliament on Thursday, the country’s primary capital market has performed brilliantly in the financial year 2025-26. Despite the uncertain global environment, India has emerged as a leading country in the world in terms of initial public offerings (IPOs). The review said that strong economic base, heavy participation of domestic investors and regulatory reforms of SEBI provided strength to the markets.
Market got support from domestic policies
Investor sentiment was hit due to trade disruptions across the world, volatile capital flows and uneven corporate profits. Despite this, the Indian markets remained firm. According to the review, the financial year 2025-26 has been full of ups and downs for global economies and financial markets so far. Despite this, India’s stock markets showed a measured but combative performance. This performance reflects supportive government policies, favorable economic conditions and continued participation of domestic investors.
Tariffs imposed by America, weak results of companies in the first quarter of the financial year 2025-26 and withdrawal of foreign capital affected the market sentiment to some extent. However, supportive steps like personal income tax cut, GST reforms and easy monetary policy provided stability to the markets. Apart from this, decreasing inflation and better performance of companies in the second quarter also supported the market.
Foreign investment continued in the primary market
During April to December 2025, Nifty 50 recorded a gain of about 11.1 percent and BSE Sensex recorded a gain of 10.1 percent. After the huge boom of the last financial year, this was a time of improvement and stability in the market. The review said that the primary market continued to attract domestic and foreign investors. This has further strengthened India’s role in global capital formation.
A total of Rs 10.7 lakh crore, including both debt and equity, was raised through the primary market during the financial year 2025-26 (till December 2025). During this period, the number of IPOs was 20 percent more than in the financial year 2024-25. There was a 10 percent increase in the amount raised through IPO on an annual basis.
Huge amount raised through IPO
The number of stocks listed in the main indices increased to 94 from 69 last year. The funds raised through these also increased from Rs 1.46 lakh crore to Rs 1.60 lakh crore. Offer for sale (OFS) dominated the IPO activities for the financial year 2025-26. Its share in the total amount raised was 58 percent, which shows that existing shareholders have sold more of their stake.
A lot of enthusiasm was also seen in the small and medium enterprises (SME) segment. 217 SMEs were listed in the financial year 2025-26 (till December 2025), whereas the number was 190 a year ago. The amount raised through SME IPO also increased from Rs 7,453 crore to Rs 9,635 crore.
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