So rounding out e m as a whole, and then we'll go into China, India, and Brazil specifically. We're showing a few, tables and a few columns that discuss and showed nominal GDP. So ranking the ten largest economies using nominal GDP as well as showing their CPI tenure rate and then the difference between those two being real rates. And then,
lastly, market capitalization on the last column. And, Sudarshan, one thing you were mentioning in India kind of being this growing economy that I think is often not talked about enough where India's nominal GDP as well as their market cap is bigger than, let's say, United Kingdom. And so if you look historically, that's that hasn't been the case for India.
So maybe can you comment on India's rise from not only from a nominal GDP standpoint, but also from a market market cap an investment opportunity standpoint. Many times, I've seen people surprise when I tell them that the market cap of Indian companies It's much larger than that of German or, even that of the UK. Right? So these these, countries have become too big now. Right, to be ignored. Now India has benefited over the last ten years of having this stable government. Right?
And the government has, you know, spent a lot more on building public goods like roads, rails, and so on. Which is very important, right, in in a, in a developing country like India, if you spend money on on public goods, that tends to have multiplier effect. And that's what we are seeing now that the country is benefiting from, from the, the applicant, spending, on, on some of these areas. Okay. Now there's another aspect to it too. Right?
Again, benefiting from a stable government at the at the federal level in in India, they have managed to pass certain, regulations. That that have had a positive impact. So for example, in the past, banks, you know, we find it incredibly hard. To force companies to pay back the loans. That's changed. So now, the bankruptcy, laws are changed in India. Which essentially means that it's a lot more easier for banks to go over, get back their money from willful deforders.
In the corporate sector, right, which is a game changer. We are seeing similar regulations in the in the real estate sector where, you know, some of the the, the, the, not so transparent business practices in, in real estate have been, removed, because regulations have have changed. So you now have more formal, actors, in the real Sikta in India.
Yeah. That that's really interesting with, you know, regulatory changes occurring policies and making it easier for companies to do business and and say like, company countries like, India. I think as a whole, what's really interesting as well, we've talked about this as a team, but when you adjust GDP for PPP purchasing power parity, the e seven or the largest seven emerging market economies are actually larger than the g seven or the largest seven developed market countries.
So there's definitely been this trend of you know, emerging market economies are growing and seduction to your point India being almost too large to ignore. So maybe over the next ten years, How do you think this will continue to evolve? You know, clearly India has benefited from, some of the reasons that we discussed. But it also helps that they have favorable demographics, not to know, foreseeable future, and that access the tailwind too.