Christopher Wood, Global Head of Equity Strategy at Jefferies, on November 06, 2023, said that it has now become a consensus among global investors that the long-term growth story in Asia is India and not China. Speaking exclusively to Nikunj Dalmia, Managing Editor, ET NOW, Wood said that the Indian real estate markets are set for growth due to the pent-up demand. In response to a question on whether, slowly and gradually, money will move out of China and into India, Wood said – “Global money is not investing in China. Dedicated emerging market money will stay invested in China and India. But the global money was invested in China. In many cases, they have stopped investing in China – for geopolitical reasons as much as anything else. And they haven’t yet started investing in India.”
