MSCI raises Indian stocks’ weightage to record high

India has the second-highest weightage in the MSCI Global Standard index, after China. — Reuters

BENGALURU: Index provider MSCI raised India’s weightage in its Global Standard index to an all-time high of 18.2%, which could lead to inflows of about US$1.2bil, analysts say.

The rise yesterday, which comes after MSCI’s February review, will come into effect after the market closes on Feb 29.