Sun Sep 08 12:12:41 UTC 2024: ## India Overtakes China in MSCI Emerging Market Index: Investment Potential Boosted
**Kochi:** India has surpassed China in the September MSCI Emerging Market Investable Market Index (MSCI EMMI), according to a report by Morgan Stanley. This shift signifies India’s rise as the most investable market across large-cap, mid-cap, and small-cap segments.
India’s weightage in the index has risen to 22.27%, surpassing China’s 21.58%. This increase is attributed to a larger proportion of small-cap stocks in India. Between March 24th and August 24th, India’s weightage in the MSCI EM jumped from 18% to 20%, while China’s declined from 25.1% to 24.5%.
The MSCI EMMI comprises 3,355 stocks, including large-cap, mid-cap, and small-cap equities. The index is calculated by analyzing markets across 24 emerging economies.
Experts predict that this index recalibration could attract an estimated $400-450 million investment in Indian stocks.
This rise in India’s weightage in global EM indices is significant for attracting both domestic and foreign capital, vital for the country’s economic growth and development.
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