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.

New Delhi: China is ready to welcome more Indian companies to enter its market, Chinese ambassador Xu Feihong said on Thursday while hoping that a "sound" business environment will be provided to Chinese firms in India.

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.

China is ready to welcome more Indian companies to enter its market, Chinese ambassador Xu Feihong said on Thursday while hoping that a "sound" business environment will be provided to Chinese firms in India.

India has overtaken China for the first time ever in a key MSCI equities index, bolstered by steady economic growth and strong flows.

By bno - Chennai Office India has overtaken China to become the largest emerging market in the MSCI All Country World Investable Market Index (ACWI IMI), marking a significant shift in the global investment landscape.