India’s share in global market cap at a decade high of 3.1 per cent
Business

India’s share in global market cap at a decade high of 3.1 per cent

By Dan Neff

India’s share had dropped to the lowest at 2.1% in March 2020. It has been consistently expanding since then.

Synopsis

India’s outperformance is largely on account of unabated buying by domestic investors. They have cumulatively deployed $34 billion in Indian equities over the past year, while overseas investors have pulled out $25 billion.

India’s share in the total value of global equities has reached a decade high driven by a sharp outperformance of Asia’s third-largest economy fuelled by domestic fund flow. The country’s share in the global market capitalization rose to 3.1% on a three-month rolling basis, according to data from Bloomberg.

India’s share had dropped to the lowest at 2.1% in March 2020. It has been consistently expanding since then. The country’s long-term

BY

ET Bureau

2 mins read, Last Updated:

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Dan Neff