India overtook China in the MSCI EM Investable Market Index (IMI) on September 4 to become the largest weight. India has displaced China as the world's largest MSCI EM market. As of the end of August, India is now in the pole position across EM markets, as per MSCI IMI.

The global index tracks capital market performance across the world. The index includes large- and mid-cap stocks and is a more inclusive version of the widely tracked MSCI ACWI Index.

India’s overtaking of China in some global gauges will likely usher in a bigger influx of foreign flows, giving equities in the South Asian country another boost.