Here is the list of India's most valuable brands

In the second edition of WPP-Millward Brown's BrandZ report on the top 50 most valuable Indian brands, it is the financial sector that has swept the rankings.

5 banks have made it to the top ten and HDFC Bank has grabbed the top slot for the second consecutive year. The total value of India's 50 strong brands has grown 33% ($92 billion) in the past year, while the top 50 in China grew only 18-19%. This is the highest growth rate achieved by any BrandZ ranking in the past 10 years since the valuations began.

The valuation of the top 50 in India has exceeded the global top 100 brands as well as the rankings of the top 50 in China, Latin America and Indonesia. Since the report only measures the brand value of public limited companies ecommerce companies are only evaluated in terms of their brand equity.

Prasun Basu, MD, Millward Brown, South Asia, said, “If the ecommerce companies share the data with us then we can evaluate them." The report discloses that Flipkart has 60% more brand equity than Amazon.