India set to follow China's lead on economics

Butler pointed to the rapid development of China in recent years, and said that India is now following suit. “One of the great parts of the Chinese success story was the huge emphasis on local infrastructure development – roads, bridges and telephony – to improve the infrastructure base for local investors and to bring it into the new world economy,” he said. “India is now discovering the same equation.” In particular, Butler pointed to building materials stocks in India as a growth area, as well as some of the more established banks. In China, he cited real estate as another important ...