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Global equity markets have been routed in recent weeks, but nobody told India. China's Shanghai Composite is down 31% since last August and deep into bear market territory. The S&P 500 is down 16% from its April 23rd closing high and 8.5% over the last ten trading days. India? Its Sensex index is just 2.23% off of its bull market high and down just two basis points year to date. Since the March 9th low here in the US, China is up 12.5%, the S&P 500 is up 51%, and the Sensex is up 114%. Over the last year or so, India has really been the place to be.

Source: What Decline?