CosmicTaco

India overtakes China in world’s biggest investable stock benchmark

CosmicTaco · 2024-09-19T16:10:24.382514+05:30

- India has overtaken China in the MSCI All-Country World index, with a weighting of 2.33% compared to China's 2.06%. - This shift makes India the sixth-largest weighting in the index, driven by strong demand in India's stock market. - Indian companies are capitalizing on the booming market, with significant IPOs like Ola Electric and Bajaj Housing Finance. - Over $38bn has been raised in India's equity market this year, the highest in Asia. - Analysts caution that India's high valuations could reverse if Chinese company valuations recover. Source: [Financial Times](https://www.ft.com/content/72864f6a-8b48-4638-84e1-1da5f03d3484)

India has overtaken China in the MSCI All-Country World index, with a weighting of 2.33% compared to China's 2.06%.
This shift makes India the sixth-largest weighting in the index, driven by strong demand in India's stock market.
Indian companies are capitalizing on the booming market, with significant IPOs like Ola Electric and Bajaj Housing Finance.
Over $38bn has been raised in India's equity market this year, the highest in Asia.
Analysts caution that India's high valuations could reverse if Chinese company valuations recover.

Source: Financial Times