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Investors' preference for China over India baffles D&B official

Why do businessmen invest in China with insurmountable business risks and uncertainties rather than in the emerging market in India with negligible risk and good return propsects?

This question baffles Joachin Bartels, senior vice president, global business development, Dun and Bradstreet of the US, the world's leading credit information company.

Delivering a lecture on "Managing Risk and Opportunity in an Era of Uncertainty and Crisis in India" in Perspective Lecture series in Madras, Bartels presented a very gloomy picture of business risks in China and the Russian federation.

The credit agency's analysis of business risks in China comes into sharp contrast against heavy investments made by American and western bussinessmen in China.

Asked about this contrast at the lecture, Bartels said this scenario baffled him too.

He was certain that foreign investment in India would increase manifold once a stable government was in place in Delhi.

Bartels could not also explain why international credit agencies failed to forecast the looming crisis in the Asian economies before the markets crashed.

All that he could say was that real information about the health of the economy was suppressed by the respective governments or the central banks in those countries.

The lecture was attended by top executives from Indian industry.

UNI

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