MSCI rejig to lift India’s weight to 19% in EM index, unlocking inflows of up to $1 billion

India’s weight in the MSCI Emerging Markets (EM) Index is set to increase to 19% from the current 18.8%, following the global index provider’s quarterly rejig, leading to passive inflows of $850 million to $1 billion, as per brokerage Nuvama Alternative & Quantitative Research’s estimates….