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.

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 has overtaken China for the first time ever in a key MSCI equities index, bolstered by steady economic growth and strong flows. India's weight in the MSCI investible large-, mid- and small-cap index has risen to 2.