With its stock market touching new highs, India has contributed 14% of the increase in global market cap over the last 12 months. The
country’s market cap has risen 1.5 times in the last 12 months, outperforming all its emerging market peers. India’s return-on-equity remains superior to most emerging markets, with its equities trading 19.9 times FY15 estimated earnings.
Currently, India’s contribution to global market cap is 2.6%, which is above its long-period average of 2.2%.
