By IndiaHub 
Source: Reuters-Refinitiv. *2025 returns are YTD based on 20 October 2025 closing values. Other years’ returns are calculated between the first and the last trading day closing values. Returns are normalised to Indian rupee. 10-year return is compounded average return, calculated between 20 October 2015 and 20 October 2025.
In 2025, Mexico and Brazil outperformed global equity markets, drawing the interest of foreign investors to diversify beyond traditional geographies. Mexico’s surge was driven by robust corporate earnings and macroeconomic stability, while Brazil’s Bovespa index gained pace due to selective sector strength, particularly in utilities and commodities.
Although India’s equity benchmark underperformed in 2025, it remains the second-best performing index over the past decade, highlighting its long-term resilience and enduring investor appeal. Meanwhile, Germany’s engineering prowess and solid economic fundamentals have strongly supported the long-term performance of the DAX index.