India, March 18 -- Indian equities have suffered a sharp correction in 2026, with market capitalisation falling over $533 billion, the largest decline in 15 years. This erosion of value surpasses the entire stock markets of Mexico, Malaysia, South Africa, and Vietnam, reflecting heightened volatility and subdued corporate earnings.

Rising global uncertainties, including the US-Israel-Iran conflict, have pushed crude oil prices above $100 per barrel, straining India's macroeconomic stability. With the country importing around 85 percent of its crude requirements, analysts warn that persistent energy disruptions could dampen economic activity and intensify inflationary pressures.

Here is the list of billionaires and how much they lost in ...