Amid the global economic slowdown plaguing the global equity markets, as much as $17 trillion has been eroded from investor’s kitty in 2008, with emerging markets like India suffering the brunt of the meltdown.
According to rating agency Standard & Poor’s, about 46 global equity markets lost a combined $17 trillion, as emerging market indices fell 54.72 per cent and developed markets dropped 42.72 per cent for the year.
However, the equity markets somewhat rebounded in December last year with 19 of the 21 emerging markets and 22 of the 25 developed markets posting gains during the month, S&P added.
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