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Wednesday, August 3, 2016

India's top 200 set to outdo Chinese peers

India’s top companies are likely to perform better than their Chinese counterparts by taking advantage of the increased capital spending by the Indian government through the ‘Make in India’ programme and surge in demand in the transportation sector.

Giving a major thumbs up the Indian corporate sector, global rating agency S&P said despite the country’s sagging infrastructure, India’s top 200 companies by market cap are set to outperform their Chinese peers. S&P also points out that improving capacity of power generation and robust infrastructure development can provide a boost to sectors like steel, cement, auto, and real estate. The global rating agency’s analysis comes from two of its reports titled “India’s top companies set to gain even as China’s continue to feel the pain” and “The missing piece in India’s economic growth story: robust infrastructure.”

“Our analysis of India’s top 200 companies by market capitalisation against their Chinese counterparts shows that government influence is far greater for listed companies in China than in India,” said S&P Global Ratings credit analyst Mehul Sukkawala.

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