Market experts noted that India’s stock markets are experiencing significant growth, particularly in the IPO sector, attributed to investor confidence, favorable government policies, and a stable economic outlook amidst global uncertainties. The IPO market in India has surged to unprecedented levels in 2025, witnessing over 365 initial public offerings that have raised approximately Rs 1.95 lakh crore, surpassing the previous record set in 2024. This remarkable increase is seen as a reflection of the growing trust among companies and investors in the economic framework and policy direction of the country.
According to market analyst Pankaj Haritwal, the creation of new stock market records is underpinned by confidence in governance and geopolitical clarity. He emphasized that a market-friendly government approach and the trust of companies in policy stability significantly impact market performance. Since Prime Minister Narendra Modi assumed office, Indian markets have entered a new phase of growth, standing strong amidst global economic challenges and geopolitical tensions.
Haritwal highlighted the importance of alignment between government economic policies and private sector confidence in driving capital formation in any country. He emphasized that Prime Minister Modi’s assurances regarding India’s future growth have bolstered sentiment among businesses and investors, leading to increased confidence in the long-term prospects of the Indian economy. This positive sentiment is evident in the unprecedented level of IPO activities, reflecting the secure outlook on India’s economic future.
Market expert Uday Haritwal pointed out that policy reforms in the past decade have played a pivotal role in fostering trust in the market. Notably, the transparency introduced in the Goods and Services Tax (GST) system and the relief measures, coupled with a well-defined framework for the private sector, have addressed longstanding concerns of companies. The structural changes implemented over the years are now yielding strong market outcomes and record fundraising through IPOs. Despite global economic challenges, India’s markets are benefiting from consistent policy measures, enhanced transparency, and sustained investor confidence, positioning the country’s capital markets on a robust growth trajectory.
