The New Global Investment King: India’s Rise to the Top of the World’s Largest Investable Stock Index
India’s growing presence in the global equity market is undeniable, as evidenced by its recent surge in the MSCI AC World IMI, one of the most prominent stock market benchmarks worldwide. This shift underscores the country’s increasing appeal to investors, fueled by its robust economic growth and market resilience. The MSCI AC World IMI tracks nearly all investable stocks globally, and India’s rising share in this index is a testament to its growing importance in the international investment landscape. This change didn’t happen overnight; it’s the result of years of strong economic performance, increasing investor confidence, and improved market liquidity. India now holds a more significant percentage in the free-float “investable” version of the MSCI AC World IMI than China, solidifying its position as a key player. This achievement is even more remarkable considering that the index is predominantly dominated by US companies, and India’s rapid stock market expansion has ca...