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It's not just India that saw a drop in stock market fortunes in 2011, majority of countries went through turbulent times.
Let's take a look at stock markets around the world and see how they performed, according to The Economist.
Note: Per cent change from December 31, 2010, to December 30, 2011. Total number of stock market indices studied: 52
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India
Stock exchange: BSE
Change: minus 23 per cent
World ranking: 45
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Venezuela
Stock exchange: IBC
Change: plus 79.1 per cent
World ranking: 1
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Indonesia
Stock exchange: JSX
Change: plus 3 per cent
World ranking: 3
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The United States
Stock exchange: S&P 500
Change: Nil
World ranking: 5
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South Africa
Stock exchange: JSE AS
Change: minus 1
World ranking: 6
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Mexico
Stock exchange: IPC
Change: minus 4
World ranking: 10
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The United Kingdom
Stock exchange: FTSE 100
Change: minus 7
World ranking: 12
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Canada
Stock exchange: S&P TSX
Change: minus 12
World ranking: 19
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Germany
Stock exchange: DAX
Change: minus 14
World ranking: 24
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France
Stock exchange: CAC 40
Change: minus 17
World ranking: 28
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Japan
Stock exchange: Nikkei 225
Change: minus 17
World ranking: 31
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Brazil
Stock exchange: BVSP
Change: minus 18
World ranking: 32
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Hong Kong
Stock exchange: Hang Seng
Change: minus 20
World ranking: 36
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China
Stock exchange: SSEA
Change: minus 22
World ranking: 42
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Italy
Stock exchange: FTSE/MIB
Change: minus 25
World ranking: 46
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Egypt
Stock exchange: Case 30
Change: minus 49
World ranking: 51
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Greece
Stock exchange: Athex Comp
Change: minus 51
World ranking: 52