New Delhi, Oct. 3 -- While the Indian stock market has remained stable in recent months without any major corrections, its share in global market capitalization is gradually declining, as peers in Asia and the West are advancing faster and capturing a larger share.

According to the domestic brokerage firm Motilal Oswal, India's share of the global market cap stood at 3.5% in September 2025, which is a 2-year low and a drop from 3.6% in August 2025. India is among the top 10 contributors to the global market cap, and at its peak in September 2024, the share has reached 4.6%.

The US held the largest share of global market capitalization at 48.5% in September, followed by China at 8.9%. Japan and Hong Kong rank next with 5.2% and 5%, respe...