India¡¯s ability to turn its economic expansion into corporate profits makes it a better prospect for investors than Japan or China, according to the latest Bloomberg Markets Live Pulse survey.
The powerful rallies in Indian and Japanese equities as China¡¯s market has slumped have reset Asia¡¯s financial-market landscape, providing global investors with three competing poles for regional allocations.
Even with China¡¯s attractively low stock valuations, and Japan¡¯s progress in improving corporate governance, almost half of 390 MLIV Pulse survey respondents selected India as the best investment among the three Asian giants. The survey is a vote of confidence in India Inc. as the world¡¯s largest democracy is headed to general elections carried out over seven phases from April 19 until June 1.
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