Investors have flocked to tech-heavy markets, but looming US interest rate rises and volatility fears could see India’s star shine again
In July 2024, India’s weight in the MSCI Emerging Markets Index, a leading gauge of stocks in developing economies, hit a record high of 19.99 per cent. At the time, this was less than three percentage points below China’s weight, which at one point was as high as 43 per cent.