Opinion | How Indian indices are maturing
In India, the quality and design of indices has evolved a lot over time
As large sums of money flow now follows global indices, it is important to understand how global index providers decide on country classifications and weightages. A global equity index typically has two components: a developed market index and an emerging market index. Until the ’90s, emerging market investments were not considered mandatory for all large institutional investors, but that has changed and global investment portfolios are now the norm.