New Delhi, June 2 -- At a time when geopolitical tensions and volatility have been impacting equity markets globally, India appears to be relatively in a better position, more particularly in its mid and small-cap segment, showing better resilience in terms of growth as compared to the large caps.

Interestingly, India is perhaps the only major market in the world where merely the top 100 companies by market capitalisation are termed large caps.

In a country with nearly 5,000 listed companies, this translates into about 2% of listed entities being categorised as large-cap, while the remaining 98% falling into the mid and small-cap bucket.

This may not be the right lens to evaluate Indian equities. The more meaningful way to assess busin...