India sparkles amid reforms and China's painful crackdown

INDIA'S equity market has been gaining more global attention at a time when Chinese firms are facing regulatory uncertainties and continued US-China tensions, making the country one of the most overweight emerging markets for yield-hungry funds.

China President Xi Jinping's "common prosperity" drive and zero-Covid tolerance have seen the MSCI China Index - which captures 85 per cent of the Chinese equity universe - fall almost 14 per cent year-to-date. In contrast, the MSCI India is up almost 30 per cent.

Robert Horrocks, chief investment officer and portfolio manager at Matthews Asia said the year has been a good one for India, with the one year performance differential with China reaching 60 percentage points on Sep 30.