(Bloomberg Markets) — Money managers are navigating an historic shift: India’s population, at 1.43 billion, edged past China’s this year.
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Now the world’s most populous country, India could experience a decades-long investment boom. Goldman Sachs Group Inc. analysts expect its share of global equity market capitalization to quadruple between now and 2075—reaching 12%, when it will be neck and neck with China’s. (Over that same period, the US share is projected to drop by half, to 22%.)
India and China both offer investors the chance to profit from rising powers’ economic growth. China is the world’s second-largest economy, featuring a massive consumer market and advanced manufacturing. India has friendlier relations with the West and a young workforce. Its economy is expected to grow 6% to 7% a year, outpacing China’s. Its budding middle…
