India overtakes China in world’s biggest investable stock benchmark

• India has overtaken China in the MSCI All-Country World index, with a weighting of 2.33% compared to China's 2.06%.
• This shift makes India the sixth-largest weighting in the index, driven by strong demand in India's stock market.
• Indian companies are capitalizing on the booming market, with significant IPOs like Ola Electric and Bajaj Housing Finance.
• Over $38bn has been raised in India's equity market this year, the highest in Asia.
• Analysts caution that India's high valuations could reverse if Chinese company valuations recover.

Source: Financial Times