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India overtakes China in MSCI emerging markets IMI weightage
The Business Guardian
|September 08, 2024
India has overtaken China in terms of its weightage in the MSCI Emerging Markets Investable Market Index (MSCI EM IMI) say official sources citing Morgan Stanley data for September 2024.
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India’s weight in the MSCI EM IMI now stands at 22.27 per cent, compared to China’s 21.58 per cent. The MSCI EM IMI, which tracks 3,355 stocks across 24 emerging markets, includes large, mid, and small-cap companies, representing approximately 85 per cent of the free float-adjusted market capitalization of these countries.
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