|
Though China, with an average growth rate of more than nine per
cent for the past few years, has become the fourth largest economy
in the world, it lags behind India in the stock market which is
soaring in recent times.
On December 5, 2006, while Sensex kissed the 14K-mark, showing
a near continuous growth in the last two years, the Shanghai Stock
Exchange index has slumped 40 per cent in the last five years, making
it one of the world's poorest performers. And this is the cause
of envy for our biggest economic rival in Asia.
Corporate India is undoubtedly seeing its hey days, vying for the
top slot, raising capital in foreign markets and aggressively bidding
for assets abroad.
According to analysts the trend shows investors' confidence in
the Indian economy, which is growing by eight per cent a year.
So, while India's stocks shine, others lose luster in the Asia
Pacific region.
|
Terms and Conditions
