Xi's fraying ties with West make China+1 real theme in India festive season

India as a risk-mitigation tactic - a hedge against manufacturing all widgets in China - is a story that's gathering investor interest and helping to justify lofty valuations

Photo: Bloomberg
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Photo: Bloomberg

Andy Mukherjee | Bloomberg
Companies in India release their September quarter earnings around the Diwali festival, the high season for domestic consumption. No surprise then that this is when analysts run a reality check on the country’s billion-plus shoppers: How many of them took a home loan, ordered a fresh coat of paint, bought a phone? There’s a more pressing question this year: How did Dixon do?  
 
Even last year, stocks like Dixon Technologies (India) Ltd., which makes LED TVs for Samsung Electronics Co., or Amber Enterprises India Ltd., an air-conditioner parts supplier to LG Electronics Inc., were relatively unknown entities. But now there’s

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First Published: Oct 28 2022 | 7:50 AM IST

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