Indian stock markets have been performing exceptionally well, reaching new highs. This strong performance has allowed Indian markets to surpass China in several areas, including a significant global benchmark.
Indian Stocks Gain More Weight in MSCI Index
According to a report from ET, India has now surpassed China in the MSCI AC World Investable Market Index. On Wednesday, the weight of Indian stocks in this index increased to 2.35%, while Chinese stocks’ weight was 2.24%. This is the first time Indian stocks have had a higher weight than Chinese stocks in this index.
China Fell Behind Last Month
Before surpassing China in the MSCI AC World Investable Market Index, India had already outperformed China in the MSCI Emerging Markets Investable Market Index. This reflects the continued strong performance of Indian stocks, which is boosting their weight in global indexes.
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Index Includes Stocks from 47 Countries
The MSCI AC World Investable Market Index includes 8,815 stocks from 23 developed markets and 24 emerging markets. This index features large-cap, mid-cap, and small-cap stocks from these regions.
India May Soon Overtake France and Canada
Currently, the MSCI AC World Investable Market Index has the highest weight for American stocks at 63%. Japan holds the second position with a 5.73% weight, followed by the UK at 3.51%, Canada at 2.83%, and France at 2.38%. India is in sixth place now, but analysts believe that after surpassing China, India may soon move up to fourth place, overtaking France and Canada.
