India's Stock Market Soars to a New High of 20,000

Mumbai -- India's benchmark BSE Sensex closed at the highest ever 20,375.87 points on the Bombay Stock Exchange on Wednesday on brisk buying across various counters (see chart above).

Mumbai -- India's benchmark share index, the Bombay Stock Exchange Sensex 30, closed above 20,000 points for the first time yesterday.

Annual rate of return over the last 5 years for India's BSE Index: 43.14%, as it soared from below 4,000 in 2003 to over 20,000 in 2007. Free market capitalism is the best path to prosperity.