India's share in global market capitalisation declines below 3%

India's share in the world market capitali­sation has fallen below 3 per cent for the first time in nearly two years. On March 3, the country’s market capitalisation (mcap) at $3.75 trillion was 2.99 per cent of the combined global market cap of $126 trillion, according to Bloomberg data.  This is India’s lowest contribution to global mcap since April 19, 2023, and marks a significant drop from its peak of 4.4 per cent on August 4, 2024. The decline can be attributed to a resurgence in Chinese equities and a massive erosion of over $1 trillion in India's market capitalisation. India's current contribution to global market capitalisation is in line with its long-term average of 2.99 per cent since 2018. Since September 27, the MSCI India index has plunged 18 per cent even as the MSCI World index has remained largely unchanged.