India's emerging markets weightage tops 2007 bull run

In weightage, India is the fourth largest EM, after China, Korea and Taiwan

The relative outperformance of Indian share markets has helped the country improve its weightage in the MSCI emerging markets (EM) index.

According to data compiled from the MSCI website, India now has 8.72 per cent of the MSCI EM index, 50 basis points (bps) higher than the country's weight during the 2007 bull market. Even on a year-on-year basis, the weight has gone up by 47 bps.

This will help attract more of foreign flows, since at least $1.5 trillion of funds are estimated to track this index. Passive funds allot capital in line with the weight in the index;