India Surpasses China in MSCI ACWI IMI, Becoming Sixth Largest Market
| Category | Details |
|---|---|
| Index | MSCI All Country World Investable Market Index (ACWI IMI) |
| India's Rank | 6th largest market, surpassing China |
| India's Weight | 2.35% (August 2024) |
| China's Weight | 2.24% |
| France's Weight | 2.38% (3 basis points ahead of India) |
| Emerging Market Status | Largest emerging market in the MSCI ACWI IMI |
| MSCI ACWI Index Weight | India: 2.07%, China: 2.41% |
| MSCI EM IMI Weight | India: 22.27%, China: 21.58% |
| Funds Tracking | MSCI EM IMI: $125 billion, MSCI EM Index: $500 billion |
| India's GDP Growth | Nominal GDP growth in low teens, triple that of China |
| Morgan Stanley Strategy | Overweight on India and Japan by 150 bps, underweight on China by 150 bps in EM portfolios |