News > Wall Street snubs China for India in a historic markets shift

Wall Street snubs China for India in a historic markets shift

A momentous shift is underway in global markets as investors pull billions of dollars from China’s sputtering economy, two decades after betting on the country as the world’s biggest growth story. Much of that cash is now heading for India, with Wall Street giants like Goldman Sachs Group Inc. and Morgan Stanley endorsing the South Asian nation as the prime investment destination for the next decade. That momentum is triggering a gold rush.