The below is a 10 year comparison chart for the Indian Nifty 50 index compared to FTSE 100, Euro Stoxx 50, Euro Stoxx 600, S&P 500, Nasdaq 100 and MSCI World.
The market capitalisation growth of the Nifty 50 over the last 10 years has been very impressive, but has not outperformed the technology heavy Nasdaq 100. It is hard to argue that the Nasdaq 100 won't do well into the next 10 years given that it will admit those companies that will best perform when it comes to new and emerging technology based industries and sectors.
The S&P 500 however still outperforms UK and European indexes shown on the chart.