Investors Turn to India as China’s Economy Flounders

Investors Turn to India as China’s Economy Flounders

India’s stock market is soaring as investors, seeking an alternative to China’s faltering economy and oppressive policies, look for a safe harbor — reassured that Prime Minister Narendra Modi will likely be reelected and Indian markets will remain stable.

Reuters on Monday interviewed investment managers who said India’s long effort to attract business from the “de-risking” movement, which gained steam after the Wuhan coronavirus pandemic, is finally paying off even though India’s markets still have some negative qualities.

India pulled in about $20 billion in foreign money in 2023, adding to the growing volume of domestic investors. 

India’s economy is projected to grow by 6.5 percent over 2024 — one of the best growth rates in the world and almost two percent better

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