India Ranks 2nd in MSCI EM Index; China Tops?
Economy Business
The controversy around Adani Group and the subsequent meltdown in the stock market have dragged down India’s weightage in MSCI’s emerging-market benchmark.Taiwan’s weighting in the MSCI Emerging Markets Index rose to 14.2 per cent, behind leader China’s at 31.2 per cent, while India’s fell to the third spot with 13 per cent, according to Bloomberg-compiled data. India had overtaken Taiwan in August to claim the second spot.India has secured a 2nd rank in the MSCI Emerging Markets (EM) index by surpassing Taiwan.The first spot is grabbed by China
India’s share in MSCI Emerging Markets index saw an increase in over eight years from 7% to 17.1% and is projected to rise further to 20% by early 2024.
India witnessed the highest inflows observed in the last 11 years.
This makes India as an attractive investment option in emerging markets.
This index is a collection of stocks that tracks the performance of companies in fastgrowing countries.
____________________________
