INSUBCONTINENT EXCLUSIVE:
India has slipped to the seventh position in ranking of nations by market capitalisation (m-cap) with the rout in Adani Group stocks
The latter had overtaken its former colonial ruler just nine months ago to break into the top five for the first time.
In less than two
The Adani Group has accounted for more than 60 per cent of the losses, with the group m-cap seeing an erosion of nearly $145 billion
2022.
The Indian market is by far the worst-performer in top 10, with other markets catching up to its outperformance seen last
