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India stocks command a near-record 157% premium over China peers
Indian stocks are trading near their most expensive levels against battered Chinese peers, underscoring a growing divergence in investor preference between the two emerging market leaders.The MSCI India Index trades at a 157% premium over the China gauge on valuations based on forward earnings estimates, just 3 percentage points short of the record reached in October 2022, according to data compiled by Bloomberg.India — long dubbed the “next China” — has emerged as an investor favorite, powered by its fast economic growth, a growing middle class and rising manufacturing prowess.
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