Why India is selling more than ever

India’s stock market has climbed to an all-time high, after a surge in its demand for clothes from the rest of the world, a sign of the country’s economic recovery.

The market has surged to a record high of Rs 2,521.52 crore ($3.1 billion) as of Monday.

This compares with a record of Rs 1,500 crore ($632 million) in September.

The surge has been fuelled by China’s $1.3 trillion purchase of US apparel maker Zara, India’s largest online retailer Flipkart, which opened its flagship store in India’s financial capital, Mumbai on Monday, and retailers such as Flipkarts and Zara.

A slew of online retailers such the online platform Shopaholic have also launched in India, including the likes of Paytm, Zee, Bazaar and Flipkars.

Online shopping has been a major driver of India’s economy and the Indian government has invested heavily in it in order to help create jobs.

The government is also making efforts to encourage digital commerce and digital transactions, and has launched a digital infrastructure, known as the Internet of Things, in order that companies can sell goods in a cloud-based service.

India has become one of the fastest growing economies in the world with an annual growth rate of 7.3% and gross domestic product (GDP) of $17.8 trillion, according to the United Nations Development Programme.