India a better place to invest than China: Blackstone
Speaking exclusively to NDTV at Davos, Stephen A Schwarzman, chairman and CEO of The Blackstone Group, said India and China both are high growth markets and offer vast opportunities, but capital funding shortages actually make India more attractive. He points out that Asia may see asset bubbles but there will be no crisis. According to him food inflation is a function of high growth and better income in India.
