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India’s outperformance is largely due to continued purchases by domestic investors. They have cumulatively staked $34 billion in Indian stocks in the past year, while foreign investors pulled out $25 billion.
India’s share of the total value of global equities has reached a 10-year high, driven by a sharp outperformance of Asia’s third-largest economy, driven by domestic cash flows. The country’s share of global market capitalization rose to 3.1% on a three-month rolling basis, according to data from Bloomberg. India’s share had fallen to its lowest level at 2.1% in March 2020. Since then it has grown steadily. The long term of the country
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