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new-age tech stocks: Surging India internet stocks trounce China peers, widening gap

India s consumer technology stocks, including One 97 Communications and Zomato, have outperformed their Chinese counterparts this year, rising more than 20% as of September 2023. The strong performance was supported by the firms focus on profitability and India s economic growth potential. Meanwhile, China s tech giants have seen a lacklustre performance as share prices remain below January levels, due to geopolitical and regulatory risks. With India s growth potential and favourable ties with the West, investors are turning to Indian companies despite their smaller market cap and revenue compared with China s tech firms. ....

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