Thanks to Adani, India to rank among 2022's best-performing stock markets

India is set to rank among this year’s best-performing major stock markets globally, overcoming concerns about higher interest rates and an economic slowdown that has mired peers.
 

The S&P BSE Sensex Index is up 3% so far in 2022, the biggest gain in the world after measures in Singapore and Indonesia. A solid run of earnings buoyed key Indian benchmarks to record levels, making the market larger than the UK. Meanwhile, the MSCI All Country World Index has fallen 20%. 

This year’s winners include shares linked to billionaire Gautam Adani and banks boosted by a sharp recovery in credit demand.