Wall Street lands on India, looking for profits it can’t find in China

Source: theglobeandmail.com theglobeandmail.com

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Mumbai, India’s financial capital, has seen a lot of new faces over the past year. The heads of global banks have been trooping through, visiting its stock exchanges, buying property and hiring new staff. A postpandemic boom has pushed the value of India’s stock market to about $5 trillion, putting it neck and neck with Hong Kong’s. India’s economy is among the fastest growing in the world. Wall Street can’t ignore India anymore. The point of entry is Mumbai, a port city of 26 million people, counting its suburbs. Mumbai has been given a makeover: Suspension bridges span its seaways,...