India recently became home to the world's eighth-biggest stock market. But the country's contribution to global market capitalisation is not keeping pace.
India's total market capitalisation as a percentage of the world's market capitalisation stood at 2.3 percent on Dec. 4. This is below the 10-year average of 2.4 percent.
In the last 12 months, India's stock market capitalisation increased 45 percent, but lagged the nearly 50 percent rise in market capitalisation of all the exchanges covered by Bloomberg.
Indian stock market's percentage contribution touched a peak of 3.4 percent in mid-2010. It had crossed the 3 percent market mark for the first time in 2008, before the global financial crisis set in.
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