India vs Japan: Market capitalization excluding top 10 companies to total market

India
72.2%
in 2018
Japan
82.7%
in 2020
India rank
4th
Japan rank
2nd

Market capitalization excluding top 10 companies to total market over time

  • India
  • Japan
020406080199820092020

How they compare

Japan currently reports 82.7% against 72.2% in India, a difference of 10.5%.

That makes Japan's figure about 1.1 times India's.

The two have swapped places 4 times across 18 shared years of data; in 2001 it was Japan ahead.

India ranks 4th and Japan ranks 2nd of 51 countries.

Japan has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade India Japan Difference Ahead
2000s 65.4% 69.3% 3.9% Japan
2010s 72.3% 79.3% 6.9% Japan

Averages of every year both report within each decade.

Frequently asked questions

Which has higher market capitalization excluding top 10 companies to total market, India or Japan?
Japan, at 82.7% against 72.2% in India as of 2020.
What is the difference in market capitalization excluding top 10 companies to total market between India and Japan?
10.5%, with Japan ahead.
How many years of comparable data are there for India and Japan?
18 years are reported by both, from 2001 to 2018.
How do India and Japan rank globally for market capitalization excluding top 10 companies to total market?
India ranks 4th and Japan ranks 2nd of 51 countries.
Where does this data come from?
World Federation of Exchanges, published as Market capitalization excluding top 10 companies to total market capitalization (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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India vs Japan: Market capitalization excluding top 10 companies to total market. Statizoid, drawing on World Federation of Exchanges. Retrieved 17 September 2026, from https://financial-sector.statizoid.com/compare/market-capitalization-excluding-top-10-companies-to-total-market-capitalization-percent/india/japan/

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About this data

Indicator
Market capitalization excluding top 10 companies to total market capitalization (%)
Unit
%
Source
World Federation of Exchanges
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
51 places, 902 data points, 1998–2020
Last refreshed

Value of listed shares outside of the top ten largest companies to total value of all listed shares.