Summary
India’s outperformance is largely due to the continuous buying by local investors. They have cumulatively invested $34 billion in Indian stocks over the past year, while foreign investors have withdrawn $25 billion.
India’s share of the total value of global equities has reached its highest level in a decade, driven by a sharp outperformance of Asia’s third largest economy bolstered by an influx of domestic money. The country’s share of global market capitalization increased to 3.1% on a three-month rolling basis, according to data from Bloomberg. India’s share fell to the lowest level of 2.1% in March 2020. It has been expanding continuously since then. Long term for the country
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