China is extraordinary - but here's why India's more attractive

Recent figures from the sub-continent have told the familiar story of slowing growth. In September, the IMF forecast India’s economy to grow 7.8% in 2011, down from its June forecast of 8.2%. India faces numerous challenges in its effort to industrialise. Even finance minister Pranab Mukherjee admits “uncertainties continue to persist”. The parallels have long been drawn between India and China, the two emerging behemoths in Asia, and while some investors may see this as an indication that the growth in India cannot be sustained over the long term, in our opinion, as an investment des...