MUMBAI – India may lag behind China economically, but the reverse holds true for their stock markets. India’s has soared to a record high this week, driven by foreign investors pouring billions into the market.
Figures show the stock market here is up 200 percent over the past five years, compared with 65 percent in China and 11 percent in the US.
India’s edge, experts say, lies in the contrast between its large contingent of private, profitable firms that operatefree of substantial government involvement, and the many listed Chinese companies over which Chineseauthorities exert considerable control.
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