New Delhi, June 9 -- If India continues to grow its nominal GDP at a low double-digit rate, it will support a gradual increase in its weight in the MSCI Emerging Markets Index, saidDaniel Morris, chief market strategist at BNP Paribas Asset Management. India is already the second largest weight in this index, and a further increase in weight will help attract more benchmark funds to the country, he told Mint.

Drawing a comparison between China and India in the emerging markets, Morris said that, unlike China, which is more export-oriented, India's growth is powered by domestic consumption, services, and a rising middle class, making it a potential beacon of stability and growth in a volatile global environment.

We will know more in 90 d...