Market expert Kunal Saraogi spoke about India overtaking China as an emerging global market

IANS INDIA

Kunal Saraogi, Market Expert, reacts to India becoming the largest weight in MSCI EM IMI, overtaking China, says, "This is fantastic news. India's surpassing China in the MSCI IMEI index is very positive for Indian markets and will lead to significant new inflows. This shift is part of a broader trend where India is gradually replacing China in various indices. India is maturing as an economy and investment destination, and we can expect substantial global investment in the future. Domestic savings are already being channeled into the market, and global investments will also increase. The coming years look very promising, with continued fund flows likely to drive our markets and indices higher"  #kunalsaraogi #marketexpert #china #imeiindex #domesticsavings

Transcript

00:00Well, I think this is a wonderful news that has come in and I think India surpassing China

00:06in terms of allocation in the MSCI IMI index is very positive for the Indian markets. I

00:12think this will mean a lot of new inflows for the market. And I think this is a sign

00:17of things to come because this is not an isolated event. There are multiple indices where I

00:22think India will gradually replace China. India is now coming of age as an economy as

00:28an investment destination and I think with time a lot of money will come our way. So,

00:34we are already seeing this huge bout of buying from our domestic markets is because our domestic

00:40savings are getting channelized in the market. But at the same time, I think global investments

00:45are also going to come to the market. So, the years to come will be very positive and

00:50I think fund flows will continue and will drive our markets and our indices high.

00:58.

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