The IMF expects India to be the world's third-largest economy by FY28. However India's share of world equity market capitalisation fell below 3% in May 2026, the first such reading in four years. That divergence, between the scale of our economy and our presence in global capital markets, is structural. The infrastructure to close it is being built at GIFT IFSC, from both directions.
Roughly two-thirds of Indian household savings sit in real estate and gold. Equities are approximately 5% of household wealth. Foreign assets are less than half a percent. Indian and US equity markets don't move in lockstep. Our internal analysis, back-testing equally weighted India-US portfolios from the 2008 market bottom through early 2026, shows an equally split India-US allocation returned 1,080% against 750% for an India-only portfolio over that period. The gap is widest when it matters most: when domestic markets come under stress, uncorrelated exposure is what keeps a long-term portfolio intact. Goldman Sachs projects $9.5 trillion of cumulative inflows into Indian household financial assets over the next decade. A 5% allocation to foreign assets within that implies $500 billion of new outbound demand over the decade. The route for that capital is onshore.
