India's Prime Minister Narendra Modi.
India's Prime Minister Narendra Modi.
  • Investors are pulling billions of dollars from China – and reinvesting the money in India instead.
  • The Asian countries' economies appear to be headed in different directions.
  • "People are interested in India for several reasons — one is simply it's not China," one portfolio manager said.

China's loss is India's gain.

That's the latest chatter on Wall Street, where top investment managers have seized on the idea that the two Asian countries' economies appear to be headed in different directions.