If regional stock indexes are any indication, India is now more dynamic than China. The Nikkei Asia300 Index for India on May 30 showed a gain of 21.6% from December, when The Nikkei launched the Nikkei Asia300 Index to track the share prices of the 325 most influential companies in 11 Asian economies. During that span, the index for India out-gained the overall Nikkei Asia300 Index. The index for China, meanwhile, lagged the overall index, growing 14.2%.
One of India's largest conglomerate Reliance Industries and the nation's largest automaker Maruti Suzuki India have been particularly dynamic. Both companies posted record profits in the year to March and are set to expand their operations even further this fiscal year.