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India’s ranking on the MSCI (Morgan Stanley Capital International) Emerging Markets (EM) Index, which is said to be tracked by passive funds with assets under management of more than $350 billion, has slipped, following last month’s underperformance amid rout in Adani Group shares.
With a weighting of 12.97 per cent, India is now ranked third after China and Taiwan which have a weighting of 33.49 per cent and 14.42 per cent, respectively, according to the factsheet released by the global index compiler.
At the end of December 2022, India had a weighting of 14.44 per cent and occupied second place
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