Not only do Chinese companies have better alternatives like Vietnam, but they are also worried about the Indian government’s erratic attitude towards them.
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US President Donald Trump’s showdown with visiting Ukrainian President Volodymyr Zelenskyy undermines global norms and weakens India’s strategic position against China.
Picking Zomato and Jio Financial Services for inclusion in the benchmark index is part of a larger trend where NSE opts for expensive stocks. Meanwhile, cheaper Chinese equities beckon investors.
India will need to bring about massive changes if it wants to take advantage of the US’s solidifying stance against tech investments in China.