An interesting piece from DW –
Related:
WSJ piece - India Stands to Benefit from China Slowdown,
Global Reaction
The article notes –
“[India] also doesn’t rely on exporting resources, which
means ebbing Chinese demand for minerals and metals isn’t serious. And it
doesn’t have many companies competing head-to-head in third markets against
Chinese exporters that benefit from a weaker yuan. …
Strong production of consumer goods propelled factory-output growth in June to 4.6% from 2% the month before. International Data Corporation, a market-research group, expects India to overtake the U.S. as the world’s second-largest smartphone market by 2017. Overall domestic demand grew by 7.8% in the three months that ended in March, well above the pace in most other Asian economies, according to J.P. Morgan economists.”
Strong production of consumer goods propelled factory-output growth in June to 4.6% from 2% the month before. International Data Corporation, a market-research group, expects India to overtake the U.S. as the world’s second-largest smartphone market by 2017. Overall domestic demand grew by 7.8% in the three months that ended in March, well above the pace in most other Asian economies, according to J.P. Morgan economists.”