US firms cement their dominance in the top 500 league, Indian tally falls

The tally of emerging markets, barring China, have gone down, with the number of Indian companies in the top 500 list falling from 13 to 11 between 2008 and 2018

Despite the growing prominence of emerging markets (EMs) such as India on the world stage, the big-boy club of global markets continues to be dominated by US-based corporations. According to data, 203 of the world’s 500 biggest companies in terms of market capitalisation are from the US. A decade ago, there were only 164 US companies in the list.

On the other hand, the tally of EMs, which include India and South Korea, has fallen. For instance, the number of Indian companies in the top 500 list has fallen from 13 to 11 between 2008 and 2018 even as India dethroned