India’s weight on key MSCI equity index rises to record high

India’s weight could likely rise above 20% at end November. — Reuters

BENGALURU: India’s weight on the MSCI Global Standard index, which tracks emerging-market stocks, has risen to another record high, which is likely to attract inflows of about US$3bil into its equity markets.

India has further narrowed the gap with China on the key MSCI index. While China’s weightage on the index will fall to 20.2% from 25%, India’s weight will rise to 19.8% from 19.2%.