India's share in world market capitalisation slips amid Covid-19 crisis

Experts say the reason for the dip in India's market share is largely the increase in the share of the world's two biggest stock markets and economies

India’s prominence in global equity markets has slipped. Currently, its share in world market capitalisation is 2.2 per cent — 30 basis points (bps) below the long-term average of 2.5 per cent, and 110 bps less than the peak of 3.3 per cent a decade ago.

India’s peak market cap stood was at $2.2 trillion a year ago. Currently, the m-cap is down to $1.82 trillion. Meanwhile, the world m-cap is at $81 trillion currently, down $6.3 trillion on a year-to-date (YTD) basis.

The domestic market has rebounded sharply from the Covid-19-triggered lows in March. However, they still are 16 per